Fannie Mae Preferred S (FNMAS)

[betahighlander]

Unrealized gains compound at a tax dfd state.
So with PPS Appreciation you are making gains on money that would have been taxed-You will still pay the tax but you are making money or the taxable portion of your unrealized gains.

God that was confusing the way i wrote that. Too tired to figure out a leaner way to say it.