WASHINGTON, July 7 /PRNewswire-FirstCall/ -- Fannie Mae (OTC Bulletin Board: FNMA) announced today that its common stock will commence trading on the OTC Bulletin Board under the ticker symbol "FNMA" on Thursday, July 8, 2010. Fannie Mae preferred stock that was previously listed on the New York Stock Exchange also will be traded on the OTC Bulletin Board under the ticker symbols set forth below. The New York Stock Exchange and the Chicago Stock Exchange will suspend trading of Fannie Mae's common and preferred stock prior to the market open on July 8, 2010.
The OTC Bulletin Board is a regulated quotation service that electronically transmits real-time quote, price, and volume information in over-the-counter securities. Information on the OTC Bulletin Board may be obtained at http://www.otcbb.com/. Holders of Fannie Mae common or preferred stock are encouraged to contact their brokers or securities intermediaries directly regarding trading on the OTC Bulletin Board.
Fannie Mae Security Old Ticker Symbol New Ticker Symbol ------------------- ----------------- ----------------- Common Stock FNM FNMA Preferred Stock, Series F FNMPRF FNMAP Preferred Stock, Series G FNMPRG FNMAO Preferred Stock, Series H FNMPRH FNMAM Preferred Stock, Series I FNMPRI FNMAG Preferred Stock, Series L FNMPRL FNMAN Preferred Stock, Series M FNMPRM FNMAL Preferred Stock, Series N FNMPRN FNMAK Preferred Stock, Series P FNMPRP FNMAH Preferred Stock, Series Q FNMPRQ FNMAI Preferred Stock, Series R FNMPRR FNMAJ Preferred Stock, Series S FNMPRS FNMAS Preferred Stock, Series T FNMPRT FNMAT Preferred Stock, Series 2008-1 FNA FANIP
Certain statements in this news release may be considered forward-looking statements within the meaning of the federal securities laws, including the expectation that our common stock and series of preferred stock will be delisted by the New York Stock Exchange and Chicago Stock Exchange and that our common and preferred stock will be traded on the OTC Bulletin Board. Although Fannie Mae believes that the expectations set forth in these statements are based upon reasonable assumptions, future conditions and events may differ materially from what is indicated in any forward-looking statements. Factors that could cause actual conditions or events to differ materially from those described in these forward-looking statements include, but are not limited to legislative or other governmental actions relating to our business or the financial markets; our ability to manage our business to a positive net worth; adverse effects from activities we undertake to support the mortgage market and help borrowers; the investment by Treasury and its effect on our business; changes in the structure and regulation of the financial services industry, including government efforts to improve economic conditions; the conservatorship and its effect on our business (including our business strategies and practices); the depth and duration of weakness in the housing market and economic conditions, including the extent of home price declines and unemployment rates; the level and volatility of interest rates and credit spreads; the accuracy of subjective estimates used in critical accounting policies; and other factors described in Fannie Mae's quarterly report on Form 10-Q for the quarter ended March 31, 2010, and Fannie Mae's annual report on Form 10-K for the year ended December 31, 2009, including the "Risk Factors" and "Forward-Looking Statements" sections of these reports.
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
Fannie Mae
CONTACT: Todd Davenport of Fannie Mae, +1-202-752-5115
Web Site: http://www.fanniemae.com/
