The warrants are not issued shares yet. The federal government is not allowed to own stock shares. Schwab is telling me there are 1.8 billion Fannie shares. After the warrants are exercised there will be 5x 1.8 billion shares. How did you get 5 billion?
The share count is a combination of both companies.. Shares Outstanding: The number of common stock shares held by investors outside the U.S. Treasury in Fannie Mae and Freddie Mac is approximately 1.8 billion.
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