Fannie Mae-No Politics (FNMA)

[Phisherman]

Fannie Mae-FNM expects to meet continued listing standards
11/26 02:59 PM
On November 26, 2008, Fannie Mae (FNM:$0.75,00$0.28,0059.57%) advised the NYSE of its intent to cure this deficiency by May 11, 2009. Although Fannie Mae (FNM:$0.75,00$0.28,0059.57%) is currently working with its conservator, the Federal Housing Finance Agency, to determine the specific action or actions that Fannie Mae (FNM:$0.75,00$0.28,0059.57%) will take to cure the deficiency, Fannie Mae (FNM:$0.75,00$0.28,0059.57%) has advised the NYSE, that, if necessary to bring its share price and its average share price for 30 consecutive trading days above $1.00, and subject to the approval of the U.S. Department of Treasury, Fannie Mae (FNM:$0.75,00$0.28,0059.57%) may undertake a reverse stock split in order to cure the deficiency prior to the May 11, 2009 date. Fannie Mae (FNM:$0.75,00$0.28,0059.57%) expects to determine the actual number of shares that will produce one share of common stock as a result of any reverse stock split based on both the market price of Fannie Mae?s common stock prior to announcement of the split and additional input from FHFA and Treasury.