preferred stock agreement

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preferred stock purchase agreement

in exchange for treasury’s financial support, the spspas require fannie mae and freddie mac, among other things, to make quarterly dividend payments to treasury, provide treasury with a liquidation preference, and beginning in 2010 pay treasury a periodic commitment fee that reflects the market value of the outstanding treasury commitment, as well as stock warrants for the purchase of common stock representing 79.9% of the common stock of fannie mae and freddie mac, respectively, on a diluted basis. on may 6, 2009 treasury and the enterprises amended the spspas, increasing treasury’s commitment of financial support from $100,000,000,000, respectively, to $200,000,000,000, respectively.