Fannie Mae Adjusts Dividend Rate for its Preferred Stock Series O to 7.000 Percent; Announces Initial Dividend Rate of 5.9481 Percent for Preferred Stock Series P.
PR Newswire Europe, September, 2007
WASHINGTON, September 28 /PRNewswire/ --
Fannie Mae (NYSE: FNM) today announced the next scheduled quarterly dividend rate adjustment for its Variable Rate Non-Cumulative Preferred Stock Series O. The new rate will be 7.000 percent per annum. Fannie Mae also announced an initial dividend rate of 5.9481 percent for its Variable Rate Non-Cumulative Preferred Stock Series P (CUSIP 313586 786), which priced on September 25, 2007.
The new dividend rate for Series O will be in effect from and including September 30, 2007 to but excluding December 31, 2007. In accordance with the terms of the Series O Preferred Stock Certificate of Designation, the dividend will continue to accrue at a per annum rate of 7.000 percent until it is determined that the sum of the...
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