Saturday, December 30, 2023 5:30:57 AM
It's a brand new compensation to UST, written in a brand new covenant.
We call it NWS 2.0 to differentiate it from the NWS dividend.
But the same Common Equity Sweep, as seen in the image posted before about Freddie Mac Adjusted Net Worth Activity.
UST press release at the time :
The same occurred with the initial $3 billion SPS issued for free. But these SPS and the corresponding offset, do appear on the Balance Sheets.
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