MCLEAN, Va., July 7 /PRNewswire-FirstCall/ -- Freddie Mac today announced that shares of the company's common stock and the 20 classes of its preferred stock that previously were listed and traded on the New York Stock Exchange (NYSE) will begin trading exclusively on the over-the-counter (OTC) market beginning Thursday, July 8, 2010.
The company announced in June that it would delist its common stock and the listed classes of its preferred stock from the NYSE. The delisting will become effective on July 8, 2010. On the OTC market, shares of Freddie Mac's common stock, which previously traded on the NYSE under the symbol FRE, will trade under the symbol FMCC. Shares of the company's preferred stock will trade under the following symbols on the OTC market:
Description NYSE Symbol New OTC Symbol ----------- ----------- -------------- 1996 Variable Rate FRE.prB FMCCI ------------------ ------- ----- 5% (1998) FRE.prF FMCKK --------- ------- ----- 1998 Variable Rate FRE.prG FMCCG ------------------ ------- ----- 5.1% (1998) FRE.prH FMCCH ----------- ------- ----- 5.79% (1999) FRE.prK FMCCK ------------ ------- ----- 1999 Variable Rate FRE.prL FMCCL ------------------ ------- ----- 2001 Variable Rate (Jan) FRE.prM FMCCM ------------------------ ------- ----- 2001 Variable Rate (Mar) FRE.prN FMCCN ------------------------ ------- ----- 5.81% (2001) FRE.prO FMCCO ------------ ------- ----- 6% (2001) FRE.prP FMCCP --------- ------- ----- 2001 Variable Rate (May) FRE.prQ FMCCJ ------------------------ ------- ----- 5.7% (2001) FRE.prR FMCKP ----------- ------- ----- 2006 Variable Rate FRE.prS FMCCS ------------------ ------- ----- 6.42% (2006) FRE.prT FMCCT ------------ ------- ----- 5.9% (2006) FRE.prU FMCKO ----------- ------- ----- 5.57% (2007) FRE.prV FMCKM ------------ ------- ----- 5.66% (2007) FRE.prW FMCKN ------------ ------- ----- 6.02% (2007) FRE.prX FMCKL ------------ ------- ----- 6.55% (2007) FRE.prY FMCKI ------------ ------- ----- 2007 Fixed-to-Floating Rate FRE.prZ FMCKJ --------------------------- ------- -----
The transition to the OTC market will not affect the company's obligation to file periodic and certain other reports with the SEC under applicable federal securities laws.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. http://www.freddiemac.com/
Freddie Mac
CONTACT: MEDIA, Michael Cosgrove, +1-703-903-2123; INVESTORS, Linda
Eddy, +1-703-903-3883
Web Site: http://www.freddiemac.com/
