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Fannie Mae, Variable Rate Non-Cumulative Preferred Stock, Series F
Ticker Symbol: FNMAP CUSIP: 313586703 Exchange: OTCBB
Security's Distribution is Suspended!
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 3/31/2002 at $50 per share plus declared and unpaid dividends, and with no stated maturity. 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 (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified 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 6.295% per year. The dividend rate will reset as of March 31, 2002 and as of March 31 every two years thereafter, based on the two-year CMT Rate minus 0.16%, subject to a cap of 11% per year. See the Fannie Mae news releases on their website for information on the periodic resetting of the dividend rates. At the IPO the preferred has been rated aa3 by Moody's. 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)
Notes: September 10, 2008 -- Fannie Mae Permitted to Pay Third Quarter Preferred Stock Dividends. Fannie Mae (FNM/NYSE) today announced that the company has received the consent of the conservator, the Federal Housing Finance Agency (FHFA), and the United States Department of the Treasury to pay the previously declared but unpaid dividends on all of its outstanding preferred stock series, on September 30, 2008, as scheduled. The dividends were declared prior to FNM being placed in conservatorship, and are therefore an outstanding obligation to be honored. The record date, as previously announced, is September 15, 2008. Treasury's consent is limited solely to the payment of this previously declared but unpaid preferred stock dividend. As announced on Sunday, September 7, future common and preferred stock dividends will be eliminated.
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IPO - 3/20/2000 - 12.00 Million Shares @ $50.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: FNM-F Changed: 7/07/2010
Market Value $600.0 Million
Click for current FNMAP price quote from the PINK SHEETS
Click for current FNMAP price quote from the NASDAQ
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 - Hugh R. Frater |
CFO - Chryssa C. Halley |
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