Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

The exchange traded debt for ABK converted into the underlying bonds after the bk filing. Your brokerage should have a bond desk. Give them a call. They will go out and find a bid and will contact you to see if you accept to complete the transaction.I sold mine for 9.82, or about 38% of face. It is a thin market so there are usually wide spreads. In something like ABK I am always in fear of a negative headline so I booked the 150+% gain and got out.

Happy to hear you have some. I assume you bought some about the same time I did.