« Sovereign Funds Seek Low Profile | Main | FINRA Fines Wachovia for Research Report Violations »
November 28, 2007
Freddie Mac Seeks to Shore Up Reserves by Stock Sales, Dividend Cut
Seeking to recover from its $2 billion third quarter loss, Freddie Mac announced it would sell $6 billion in preferred stock and cut its dividend in half, in order to boost its reserves. Freddie said it was selling preferred stock so as not to dilute the common. WPost, Freddie to Cut Dividend, Sell Stock to Aid Reserves.
November 28, 2007 in News Stories | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e54fa31ba88834
Listed below are links to weblogs that reference Freddie Mac Seeks to Shore Up Reserves by Stock Sales, Dividend Cut:
