Fannie Mae-No Politics (FNMA)

[Rodney5]

Question for the Board,

We all know the SPSPA is an illegal contract, and we all know that no court has ruled such. If the Treasury is allowed to get away with this theft my question is concerning the fourth amendment;

Number 4: Mandatory Pay Down of Liquidation Preference Upon Issuance of Capital Stock

This amount was set at $70 billion: the company has $73.7 billion now, is this the reason for the up tick in share price of the common stock and if so, seems to me the market is voting the common stock will survive the cram-down our JPS friends are pushing?

https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Fourth-Amended-Restated-Certificate-04-13-21.pdf

73.7 billion page 63

Total stockholders’ equity (See Note 1: Senior Preferred Stock Purchase Agreement and Senior
Preferred Stock for information on the related dividend obligation and liquidation preference)

Note 1: page 69
The dividend provisions of the senior preferred stock permit us to retain increases in our net worth until our net worth exceeds the amount of adjusted total capital necessary for us to meet the capital requirements and buffers under the enterprise regulatory capital framework established by FHFA.

The aggregate liquidation preference of the senior preferred stock increased to $190.5 billion as of September 30, 2023 from $185.5 billion as of June 30, 2023, due to the $5.0 billion increase in our net worth in the second quarter of 2023.

The aggregate liquidation preference of the senior preferred stock will further increase to $195.2 billion as of December 31, 2023, due to the $4.7 billion increase in our net worth in the third quarter of 2023.

Page 63 https://www.fanniemae.com/media/49481/display