Fannie Mae-No Politics (FNMA)

[mike_usa]

“Exchange or Conversion Rights
The Preferred Stock has no exchange or conversion rights, except for the Series 2004-1 preferred stock.
The Series 2004-1 preferred stock is convertible, at the option of the holder, into shares of Fannie Mae common stock. Each share of Series 2004-1 preferred stock is convertible into 1,060.3 shares of common stock, the equivalent to a conversion price of $94.31 per share of common stock.”