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Fannie Mae, Variable Rate Non-Cumulative Preferred Stock, Series J
Ticker Symbol: FNM-J* CUSIP: 313586869 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/28/2007
Security has been Called for: Wednesday, February 28, 2007
January 19, 2007 -- The Board also announced that it will redeem all of the outstanding shares of preferred stock, Series J, in accordance with the Certificate of Designation of Terms. The preferred stock Series J will be redeemed on February 28, 2007, at a redemption price of $50.5378 per share, which includes a stated value of $50 per share and $.5378 per share for accrued but unpaid dividends from and including December 31, 2006, to but excluding February 28, 2007. Computershare Trust Company, N.A., 250 Royall Street, Canton, Massachusetts, 02021 will act as the redemption agent. A Notice of Redemption will be mailed to holders of the preferred stock Series J next week.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Fannie Mae (Federal National Mortgage Assoc.), Variable Rate Non-Cumulative Preferred Stock, Series F, liquidation preference $50 per share, redeemable at the issuer's option on or after 11/26/2004 at $50 per share plus declared and unpaid dividends, with no stated maturity, and with variable noncumulative distributions paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board, not more than 45 days or less than 10 days prior to the payment date. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. The initial dividend rate is 3.78% per year. The dividend rate will reset as of November 26, 2004 and as of November 26 every two years thereafter until any redemption, at a variable per annum rate (not greater than 8.00%) equal to the Swap Rate plus 1.38%. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (FNMA)
IPO - 11/21/2002 - 12.50 Million Shares @ $50.00/share.
Link to IPO Prospectus
Market Value $624.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 3900 Wisconsin Avenue NW, Washington, DC 20016 |
Main Phone Number |
202-752-7000 |
Fax Number |
202-752-4447 |
Investor Relations
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202-752-7115
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Toll Free Phone Number |
800-732-6643 |
CEO - Daniel H. Mudd |
CFO - Stephen M. Swad |
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