|
Fannie Mae, 5.375% Non-Cumulative Convertible Series 2004-1 Preferred Stock
Ticker Symbol: FNMFO CUSIP: 313586810 Exchange: OTOTC
Security's Distribution is Suspended!
QUANTUMONLINE.COM SECURITY DESCRIPTION: Fannie Mae (Federal National Mortgage Assoc.), 5.375% Non-Cumulative Convertible Series 2004-1 Preferred Stock, liquidation preference $100,000 per share, redeemable at the issuer's option on or after 1/5/2008 at $105,000 per share plus declared and unpaid dividends, with no stated maturity, and with non-cumulative distributions of 5.375% ($5375.00) per annum 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. The preferred shares are convertible any time at the holder's option into 1060.3329 common shares of Fannie Mae (NYSE: FNM), an initial conversion price of $94.31 per common share. 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. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Stock Exchange |
Cpn Rate Ann Amt |
LiqPref CallPrice |
Call Date Matur Date |
Moodys/S&P Dated |
Conv Shrs Conv Price |
Distribution Dates |
15% Tax Rate |
OTOTCn
OTOTCps
|
5.38%
$5375.00
|
$100,000.00
$105,000.00
|
1/05/2008
None
|
Ca
D
4/23/2023
|
1060.3329
$94.31
|
Suspended!
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
|
YES
|
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.
|
IPO - 1/4/2005 - 30,000 Shares @ $100000.00/share.
Link to IPO Prospectus
Market Value $2.5 Billion
Click for current FNMFO price quote from the PINK SHEETS
Click for current FNMFO price quote from the NASDAQ
Company's Online Information Links
|
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
|
202-752-7115
|
Toll Free Phone Number |
800-732-6643 |
CEO - Hugh R. Frater |
CFO - Chryssa C. Halley |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|