Quote: -------------------------------------------------------------------------------- The FHFA has specified that “the powers of the stockholders [of FNM and FRE] are suspended until the conservatorship is terminated.” Based on this, the NYSE has concluded that for purposes of its rules requiring stockholder approval of the issuance of securities, i.e., Sections 312.03 and 303A.08 of the Listed Company Manual, it is appropriate to treat FNM and FRE while they are in conservatorship in the same manner as if they were each a debtor-in-possession under the bankruptcy law. --------------------------------------------------------------------------------
Despite being under conservatorship, if Fannie Mae would file the appropriate forms for a NYSE listing could they be relisted on the NYSE or is relisting on the NYSE completely prohibited until this conservatorship has ended?