Fannie Mae-No Politics (FNMA)

[DaJester]

"Once FnF reach full capitalization, with full buffers, the quarterly dividend is the lesser of 2.5% of the liquidation preference (10% annual) or the increase in net worth from the prior quarter."

Yes, I stand corrected. Sloppy language on my part. It's not their "entire net worth" - they still keep the capital buffers and all that. It's just the increase in net worth as a result of the would-be retained profits that get swept to Treasury if it's less than the 10% of the LP amount.

If it walks like a duck, sounds like a duck, and poops all over the shareholders sidewalks like a duck....break out the brooms, it's a sweep!