Fannie Mae-No Politics (FNMA)

[DaJester]

Compared to paying $6500 for the ability to convert to 1060 common shares?

$6500/1060.3329 = $6.13 per common share.

So if you wanted the common shares, FNMFO makes no financial sense. If you want it for the $105K preferred redemption price, that would be the reason to buy it.

I'd just say buy the common at the low price. If you need JPS as additional security, I'd buy it separately.