Replies to post #717118 on Fannie Mae-No Politics (FNMA)

[contrarian bull]

Answer my own question.

Successor in interest apparently has a different meaning in law than it does in English.


Now if I could just figure out why common Fannie shareholders are not included... more reading.

[IronMan123]

I believe the cutoff date is a holder from 7 Dec 21 and back. Nothing going forward at least not at this time. I am still buying a little here and there due to the fact that if they do reach a settlement it SHOULD start dividends again. HOPEFULLY.

[MoneyRobot]

That is also my understanding. If you buy from today to the judgement or settlement date, you are in unless you opt out.

"

This wording makes it sound like if someone sells you shares - they lose class status but the class status transfers to the new owner as successor in interest

."

[jeddiemack]

That's how i read it.

Otherwise... the market for Freddie would dry up as no one woould be willing sell their shares.

its really just a notice of what's going on with no real bar date. As in the bar date will be the date of settlement...

VERY ripe for manipulation.