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Re: Fannie Heyyyyy post# 774037

Sunday, 11/12/2023 10:33:28 AM

Sunday, November 12, 2023 10:33:28 AM

Post# of 796394
when the restructuring takes place and $FNMAT is converted to common the shares you end up with will trade at a price x share count that is pretty close to $25 in a conversion scenario -- and in a lower probability dividend turn on scenario, the price of the $FNMAT will rise because people value 8.25% dividend rates... possibly to above $25.

Warrants will be exercised. Common lack dilution protection against SPSPA being converted.. Common thus have no security. Preferred will be made whole.