I would suggest - and you likely know - that at this point the F and F JPS are a capital gain play.
If we all win - then we should expect that as JPS* become worth $25 (or an 'offer' for 50% or 75% comes) that dividends will be stopped and the paper (JPS) called in by F and F or whatever the name is then
*note if JPS get to $25 or some solid number - I also assume FNMA and FMCC will be providing a good capital gain from today's price - likely even better yet