Securities Law Prof Blog

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

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Wednesday, May 7, 2008

Fannie Announces Another Big Loss

Fannie Mae plans to raise another $6 billion through sales of common and preferred shares.  It announced a first quarter loss of $2.19 billion ($2.57 per share) and plans to cut the dividend from 35 cents to 25 cents.  WSJ, Fannie to Boost Capital After Posting Big Loss.

http://lawprofessors.typepad.com/securities/2008/05/fannie-announce.html

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