Printer Friendly

FANNIE MAE TO REPURCHASE COMMON STOCK

 WASHINGTON, April 27 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) today announced it intends to repurchase in the open market, from time to time depending on market conditions, common stock to be used to offset the dilutive effect of shares issued or anticipated to be issued under employee stock related benefit plans over the next five years.
 As of March 31, 1993, Fannie Mae had approximately 274.2 million shares outstanding.
 Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of funds for home mortgages.
 -0- 4/27/93
 /CONTACT: Charlotte Sterling of Fannie Mae, 202-752-7928/
 (FNM)


CO: Fannie Mae ST: District of Columbia IN: FIN SU:

TW -- DC006 -- 1196 04/27/93 09:35 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 27, 1993
Words:123
Previous Article:DURIRON'S BOARD OF DIRECTORS ELECTS MARK E. VERNON CORPORATE OFFICER AS GROUP VICE PRESIDENT - VALTEK INTERNATIONAL
Next Article:OWENS & MINOR TO OPEN DISTRIBUTION CENTER IN BOSTON AREA


Related Articles
FANNIE MAE ANNOUNCES CAPITAL RESTRUCTURING PROGRAM; COMPANY WILL SPLIT STOCK FOUR-FOR-ONE; ISSUE $1.0 BILLION IN PREFERRED STOCK TO REPURCHASE COMMON...
FANNIE MAE PRICES INAUGURAL $350 MILLION OF PREFERRED STOCK AS PART OF CAPITAL RESTRUCTURING PROGRAM
Fannie Mae Announces Benchmark Notes Buyback.
Fannie Mae Announces Benchmark Securities Buyback.
Fannie Mae Announces Benchmark Bonds Buyback.
Fannie Mae Announces Benchmark Bonds Buyback Results.
Fannie Mae Announces Benchmark Notes(R) Buyback.
Fannie Mae Announces Benchmark Securities(R) Buyback.
Fannie Mae Announces Benchmark Bonds(R) Buyback.
Fannie Mae Announces Benchmark Notes(R) Buyback.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters