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Fannie Mae, 8.25% Non-Cumulative Preferred Stock, Series T
Ticker Symbol: FNMAT CUSIP: 313586737 Exchange: OTCBB
Security's Distribution is Suspended!
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Fannie Mae, 8.25% Non-Cumulative Preferred Stock, Series T, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/20/2013 at $25 per share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 8.25% ($2.0625) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record 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). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. 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 (see page 42 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. 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 - 5/13/2008 - 80.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: FNM-T Changed: 7/07/2010
Market Value $2.0 Billion
Click for current FNMAT price quote from the PINK SHEETS
Click for current FNMAT price quote from the NASDAQ
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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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