Securities Law Prof Blog

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

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.

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