“Exchange or Conversion Rights The Preferred Stock has no exchange or conversion rights, except for the Series 2004-1 preferred stock. The Series 2004-1 preferred stock is convertible, at the option of the holder, into shares of Fannie Mae common stock. Each share of Series 2004-1 preferred stock is convertible into 1,060.3 shares of common stock, the equivalent to a conversion price of $94.31 per share of common stock.”
It says even when if they’re not in conservatorship they won’t pay dividends ?
dividends may not be paid on the common stock without the prior written consent of Treasury, regardless of whether we are in conservatorship, see “Business—Conservatorship, Treasury Agreements and Housing Finance Reform—Treasury Agreements” in Fannie Mae’s Annual Report on Form 10-K.
News 
Market Data 
Discover 
