Fannie Mae Preferred S (FNMAS)

[rosen62]

Letgo, how many years did it take for those many shares to appreciate? Do you still think that anyone of us can think of our investment as a "quick payout"? As far as I can tell I didn't have as much grey hair then. And I used to wake up in the morning without any back pain!

Anyway, have you read the details of the proposal? No dividends for 5 years after conversion. And -I believe- no possibility to cash out. So a delayed windfall. But I may be mistaken.