Freddie Mac to Offer $500 Million of Preferred Stock
April 10,
2007
Contact:
corprel@freddiemac.com
or (703) 903-3933
McLean, VA – Freddie Mac (NYSE: FRE) today announced that it will issue $500 million of fixed-rate non-cumulative perpetual preferred stock. The issue, CUSIP 313400665, is being offered to investors at $25 per share and is expected to price later this week.
The preferred stock is being offered via a syndicate of dealers headed by Banc of America Securities LLC and Morgan Stanley. An application will be made to list the preferred stock on the New York Stock Exchange.
Information about the transaction is available in the preliminary Offering Circular on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors/preferred_stock.html. Copies of the preliminary Offering Circular can also be obtained from the underwriters at the following addresses:
Banc of America Securities LLC
Prospectus Department
100 West 33rd Street, 3rd Floor
New York, New York 10001
(800) 294-1322
Morgan Stanley & Co. Incorporated
1585 Broadway
New York, New York 10036
(866) 718-1649
This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Any such offering will be made only by an offering circular.
Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than four million renters in America.
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