Freddie Mac, 5.66% Non-Cumulative Perpetual Preferred Stock (FMCKN)
OTCBB · Preferred · CUSIP 313400665
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Security Details

Coupon Rate
5.66%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
3/31/2012
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.42
Distribution Dates
3/31, 6/30, 9/30 & 12/31
Credit Ratings
Moody's Ca · S&P D (3/19/2024)
Tax-Advantaged Dividends
Yes

Security Profile

Security's distribution is suspended.
Security Type
Traditional Preferred Stock »
CUSIP
313400665
Market Cap
Small Cap · $500 Million
IPO
4/10/2007 · $25.00/share
Previous Symbol
FRE-W (changed 7/7/2010)
Parent Company
Freddie Mac (FMCC)
Business: Freddie Mac (Federal Home Loan Mortgage Corp.), 5.66% Noncumulative Perpetual Preferred Stock, liquidation preference $25.00 per share, redeemable at the issuer's option on or after 3/31/2012 at $25 plus declared and unpaid dividends, with no stated maturity, and noncumulative distributions of 5.66% ($1.415) per annum are 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 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 (see page 22 of the prospectus for further information). 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 preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Company Contact

CEO
Michael DeVito
CFO
Christian M. Lown
Headquarters
8200 Jones Branch Drive, MS 486, McLean, VA 22102
Phone
703-903-2000 · Toll-Free 800-373-3343
Fax
703-903-2759
Investor Relations
Laurie Garthune · 571-382-4732 · shareholder@freddiemac.com
General Email
corprel@freddiemac.com
SEC EDGAR Filings
View filings »