PreferredStockCentral
Federal National Mortgage Association
8.75% Non-Cumulative Mandatory Convertible Preferred Stock Series 2008-1
Google
 

Database | Company | Symbol | Industry
 
Preferred Stock
$50.00
State Yield 8.750%
Annual Dividend $4.38
Dividend Frequency Quarterly
Cumulative No
Redeemable N/A
Mandatory Converts to Equity 5/13/2011
Mandatory Converts to Equity 5/13/2011
Mandatory Converts to Equity 5/13/2011
Yes
1.5408 min and 1.8182 max
Based on the average of the closing prices of FNM common stock over the 20 consecutive trading day period ending on the third trading day immediately preceding the mandatory conversion date. Price Cap at $32.45 min conversion in 1.5408 shares and Price Floor at $27.50 max conversion of 1.8182 shares
 
Mandatory Converts to Equity 5/13/2011