Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Wednesday, December 5, 2007

Fannie Mae Plans to Raise $7 Billion

Reflecting further difficulties from the credit crisis, Fannie Mae announced it would raise $7 billion in an offering of non-convertible preferred stock.  It also will cut its quarterly dividend from 50 cents to 35 cents per share.  Last week, Freddie Mac raised $6 billion.  WPost, Fannie Mae to Issue $7 Billion In Stock to Help Steady Itself.

http://lawprofessors.typepad.com/securities/2007/12/fannie-mae-plan.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e54f96df818833

Listed below are links to weblogs that reference Fannie Mae Plans to Raise $7 Billion:

Comments

Post a comment