Fannie Mae-No Politics (FNMA)

[Gulo]

Am I missing something? How much of any profit FNMA ever makes will go to preferred shares and how much to the common shareholders?

That last filing says "The release of the valuation allowance would have a material impact on the company’s 2012 financial statements and result in a significant dividend payment to the U.S. Department of the Treasury under the terms of the Variable Liquidation Preference Senior Preferred Stock, Series 2008-2."