FNMAS and FNMAS were at maybe 35 to 40 cents at one time and are now at $5 and $7.50 or so, respectively. Some say they traded lower than that, but my "best" FnF preferreds cost 35 or 40 cents. Why FNMAT trades so high relative to FNMAS is a mystery.
FNMAS and FNMAT have had their ups and downs, but that is also true of LEHNQ and the other three CTs. They didn't trade at all for 10 days or so circa the creation of the OBS. Then, they began trading on the gray market. Now two of the four have been uplisted. Hard to know what will happen, but its easy to take uplisting as a signal that the CTs will survive in some fashion. That makes one think about dividend restoration. That makes one think about them trading at $1 or $5 or even at $7.50 in the next year or two.
News 
Market Data 
Discover 
