Fannie Mae-No Politics (FNMA)

[leea]

From FNMA report:
Based on net worth of $62.4 billion at March 31, 2013, the company’s dividend obligation to
Treasury will be $59.4 billion by June 30, 2013.
After the June payment, we will have paid an
aggregate of $95.0 billion in cash dividends to
Treasury since conservatorship began. Senior
preferred stock outstanding and held by
Treasury remained $117.1 billion at March 31, 2013, as
dividend payments do not offset prior Treasury draws.

when do they pay down the draws??