Fannie Mae Announces Common and Preferred Stock Dividends

Business Wire, Oct 21, 1997

WASHINGTON--(BUSINESS WIRE)--Oct. 21, 1997--The board of directors of Fannie Mae (NYSE:FNM) Tuesday voted the following dividends on the company's common and preferred stock:

-- a dividend on its outstanding common stock of twenty-one cents

per share ($ .21 per share); -- a dividend on its outstanding preferred stock, Series A, of

$.80125 per share; -- a dividend on its outstanding preferred stock, Series B, of

$.81250 per share; and -- a dividend on its outstanding preferred stock, Series C, of

$.80625 per share.

A dividend of twenty-one cents ($ .21) per share will be paid to registered holders of common stock as shown on the books of the corporation at the close of business on Oct. 31, 1997, that is outstanding at the close of business on Oct. 31, 1997, to be payable on Nov. 25, 1997.

A dividend of $.80125 per share will be paid to registered holders of preferred stock, Series A, as shown on the books of the corporation at the close of business on Dec. 19, 1997, that is outstanding at the close of business on Dec. 19, 1997, for the period from and including Sept. 30, 1997 to but excluding Dec. 31, 1997, to be payable on Dec. 31, 1997.

A dividend of $.81250 per share will be paid to registered holders of preferred stock, Series B, as shown on the books of the corporation at the close of business on Dec. 19, 1997, that is outstanding at the close of business on Dec. 19, 1997, for the period from and including Sept. 30, 1997 to but excluding Dec. 31, 1997, to be payable on Dec. 31, 1997.

A dividend of $.80625 per share will be paid to registered holders of preferred stock, Series C, as shown on the books of the corporation at the close of business on Dec. 19, 1997, that is outstanding at the close of business on Dec. 19, 1997, for the period from and including Sept. 30, 1997 to but excluding Dec. 31, 1997, to be payable on Dec. 31, 1997.

Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of funds for home mortgages. It has committed to provide $1 trillion in targeted lending for 10 million homes by the end of the decade.

Style usage: Fannie Mae's board of directors has authorized the company to operate as"Fannie Mae," and the company's stock is now listed on the NYSE as "Fannie Mae." In order to facilitate clarity and avoid confusion news organizations are asked to refer to the company exclusively as "Fannie Mae."

CONTACT: Fannie Mae

Gene Eisman, 202/752-6673