Fannie Mae-No Politics (FNMA)

[Ace Trader]

WHAT THEY HAVE and what will be converted is the warrants to or SPSA???.

7.4 billion common shares is the conversion to common from Treasury ?????
Treasury Stock (7.4B)
https://www.marketwatch.com/investing/stock/fnmas/financials/balance-sheet

Diluted shares Diluted Shares Outstanding 5.89B
https://www.marketwatch.com/investing/stock/fnmas/financials

Or is the SPSA being paid off??
Issuance/Reduction of Debt, Net, Change in Long-Term Debt, (185.19B) 100.98B (145.12B) (154.74B) (130.17B)
https://www.marketwatch.com/investing/stock/fnmas/financials/cash-flow