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Security Details
- Coupon Rate
- 7.63%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 11/21/2012
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.91
- Distribution Dates
- 3/31, 6/30, 9/30 & 12/31
- Credit Ratings
- Moody's Ca · S&P D (6/15/2025)
- Tax-Advantaged Dividends
- Yes
Security Profile
Security's distribution is suspended.
- CUSIP
- 313586760
- Market Cap
- Small Cap
- IPO
- 11/21/2007 · $25.00/share
- Previous Symbol
- FNM-R (changed 7/7/2010)
- Parent Company
- Fannie Mae (FNMA)
Business: Fannie Mae (Federal National Mortgage Assoc.), 7.625% Non-Cumulative Preferred Stock, Series R, stated value $25 per share, redeemable at the issuer's option on or after 11/21/2012 at $25 per share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 7.625% ($1.90625) 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. 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.
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.
Company Contact
- CEO
- Hugh R. Frater
- CFO
- Chryssa C. Halley
- Headquarters
- 3900 Wisconsin Avenue NW, Washington, DC 20016
- Phone
- 202-752-7000 · Toll-Free 800-732-6643
- Fax
- 202-752-4447
- Investor Relations
- 202-752-7115 · investor_relations1@fanniemae.com