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Freddie Mac, 6.14% Non-Cumulative Perpetual Preferred Stock
Ticker Symbol: FRE-D* CUSIP: 313400806 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/12/2007
Security has been Called for: Monday, February 12, 2007
Jan. 9, 2007 -- Freddie Mac today announced that it has increased its newly offered $500 million of fixed- rate non-cumulative perpetual preferred stock to $1.1 billion. The issue, CUSIP 313400673, is being offered to investors at $25 per share and is expected to price later this week. Freddie Mac also announced that it will redeem all 12 million shares currently outstanding of its 6.14% non-cumulative preferred stock, issued in June 1997, CUSIP 313400806, effective as of February 12, 2007. The outstanding 6.14% preferred stock will be redeemed at a price of $50.35817 per share, which includes the redemption price of $50 per share plus $.35817 of current period dividends that are accrued through the February 12, 2007 redemption date. Computershare Trust Company, 250 Royall Street, Canton, Massachusetts 02021 will act as the redemption agent. A Notice of Redemption will be mailed to holders of the 6.14% preferred stock later this week.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Freddie Mac (Federal Home Loan Mortgage Corp.), 6.14% Perpetual Non-Cumulative Preferred Stock, liquidation preference $50.00 per share, redeemable at the issuer's option on or after 6/30/2002 at $50 plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 6.14% ($3.07) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on approximately the 15th day of the month in which the payment is made (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal 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.
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Go to Parent Company's Record (FMCC)
IPO - 6/3/1997 - 12.00 Million Shares @ $50.00/share.
Link to IPO Prospectus
Market Value $605.0 Million
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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: 8200 Jones Branch Drive, MS 486, McLean, VA 22102 |
| Main Phone Number |
703-903-2000 |
| Fax Number |
703-903-2759 |
| Investor Relations
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703-903-3883
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| Toll Free Phone Number |
800-373-3343 |
| CEO - Richard F. Syron |
CFO - Anthony "Buddy" Piszel |
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