Replies to post #7324 on Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

The astute investor reads the prospectii carefully.

Consulting the prospectus for FMCKJ reveals the interesting distinction that at least some Freddie preferreds have a par value of $1.00. I believe the par on FNMAS may be $0.01 but as I don't own it I never read that one specifically.

Again, these discrepancies are a reflection of the payoff hierarchy- the prefs are paid before common in the event of receivership.