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Post# of 866462
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Re: Daxxer post# 115301

Friday, 08/23/2013 7:00:54 PM

Friday, August 23, 2013 7:00:54 PM

Post# of 866462
Can the government exercise its warrants whenever it wants, even if it is disadvantageous to the companies?

Yes. Treasury can exercise its warrant for up to 79.9% of the common stock of each GSE on a fully diluted basis at any time during the 20-year life of the warrant.

http://www.fhfa.gov/webfiles/23897/FAQsHP-1131Treasury.pdf



"Aren't the 79.9% common warrants exercisable by govt ONLY IF FnF default on the agreement? Does someone have that language?"




Welcome to the Wall Street Zoo.
PLEASE DON'T FEED THE HEDGEHOGS.

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