Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

rros, You wrote "So not only this value represents "core capital" but also is used for redeeming them if there is, say, a receivership in the cards."

Here is the prospectus for FMCKJ.
http://www.freddiemac.com/investors/pdffiles/FtFPrefStock-oc.pdf

I have read through it but don't see anything that says "par" will be used for redeeming them, say, in a receivership or any such thing. I may have missed it. Can you give me the page number you are referring to, and if not in this one which one has such language.

TIA