Fannie Mae-No Politics (FNMA)

[Rodney5]

The JPS are non-cumulative, no reason for management to allot any money on behalf to the shareholders at this point in time to exit conservatorship and re-list on the NYSE. When management determines to reinstate dividend payments the companies can choose to sell into the open market new issues of cumulative preferred stock at a lower payout amount replacing the higher yield on the existing JPS and shareholders of the then old issue receive par.

This was explained: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175927399