[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Nico [@nicosintichakis](/creator/twitter/nicosintichakis) on x 2057 followers Created: 2025-07-23 08:00:14 UTC A few key points you should know about Fannie Mae 🏡 Preferred and Common stock ⬇️ X. Series 2004-1 Preferred Stock: According to Fannie Mae’s filings with the SEC, the Series 2004-1 $FNMFO preferred stock is the only series of junior preferred stock that explicitly has conversion rights. Each share of Series 2004-1 preferred stock is convertible, at the option of the holder, into XXXXXXX shares of Fannie Mae common stock, equivalent to a conversion price of $XXXXX per share of common stock. X. Other Junior Preferred Series: For other series of Fannie Mae junior preferred stock (e.g., Series D, E, F, G, H, I, L, M, N, O, P, Q, R, S, T), there are no explicit conversion or exchange rights outlined in Fannie Mae’s Charter Act or SEC filings. These series are generally non-convertible unless a specific recapitalization plan or agreement changes their terms. Such conversions would likely require negotiations between the Treasury, FHFA, and shareholders, and could be part of a settlement related to ongoing litigation (e.g., the Collins case) or a privatization effort. X. Conservatorship and Treasury Agreements: Since 2008, Fannie Mae has been under FHFA conservatorship, and the Treasury holds senior preferred shares and warrants to acquire XXXX% of Fannie Mae’s common stock. The senior preferred shares and the net worth sweep (where all profits go to the Treasury) must be addressed before junior preferred shareholders can realize value, including through potential conversions whereas I noted earlier there is only X preferred stock eligible for conversion to common at $XXXXX common share. $FNMA Bookmark 🔖 XXXXX engagements  **Related Topics** [$fnmfo](/topic/$fnmfo) [sec](/topic/sec) [nico](/topic/nico) [Post Link](https://x.com/nicosintichakis/status/1947929734802776166)
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Nico @nicosintichakis on x 2057 followers
Created: 2025-07-23 08:00:14 UTC
A few key points you should know about Fannie Mae 🏡 Preferred and Common stock ⬇️
X. Series 2004-1 Preferred Stock:
According to Fannie Mae’s filings with the SEC, the Series 2004-1 $FNMFO preferred stock is the only series of junior preferred stock that explicitly has conversion rights. Each share of Series 2004-1 preferred stock is convertible, at the option of the holder, into XXXXXXX shares of Fannie Mae common stock, equivalent to a conversion price of $XXXXX per share of common stock.
X. Other Junior Preferred Series:
For other series of Fannie Mae junior preferred stock (e.g., Series D, E, F, G, H, I, L, M, N, O, P, Q, R, S, T), there are no explicit conversion or exchange rights outlined in Fannie Mae’s Charter Act or SEC filings. These series are generally non-convertible unless a specific recapitalization plan or agreement changes their terms.
Such conversions would likely require negotiations between the Treasury, FHFA, and shareholders, and could be part of a settlement related to ongoing litigation (e.g., the Collins case) or a privatization effort.
X. Conservatorship and Treasury Agreements:
Since 2008, Fannie Mae has been under FHFA conservatorship, and the Treasury holds senior preferred shares and warrants to acquire XXXX% of Fannie Mae’s common stock. The senior preferred shares and the net worth sweep (where all profits go to the Treasury) must be addressed before junior preferred shareholders can realize value, including through potential conversions whereas I noted earlier there is only X preferred stock eligible for conversion to common at $XXXXX common share. $FNMA
Bookmark 🔖
XXXXX engagements
