New York Stock Exchange Halts Pre-Market Trading in Fannie Mae (FNM) and Freddie Mac (FRE) for Monday, Sept. 8, 2008 News Dissemination -- Trading Expected to Open at 9:30am (EST)
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Mon, 08 Sep 2008 04:41:25 GMT |
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NEW YORK - (Business Wire) The New York Stock Exchange (NYSE) announced that the common and related preferred stock of Fannie Mae (ticker symbol FNM) and Freddie Mac (ticker symbol FRE) will be halted news dissemination during the pre-market and available to all markets for trading at 9:30am (EST) on the morning of Monday, Sept. 8, 2008 due to U.S. federal regulators action related to Fannie Mae and Freddie Mac. After consultation with the FHFA, Treasury and the Securities and Exchange Commission, we feel that this decision will allow investors to digest the news that has been disseminated over the weekend, to interpret the news and the analysis that will be generated on Monday morning and to evaluate the resulting aggregate supply and demand. All markets will be free to trade both FNM and FRE as of 9:30am (EST), Monday, Sept. 8, 2008. Securities affected by the halt to Fannie Mae and Freddie Mac are: | Freddie Mac | | | | FRE | | Voting common stock | | FRE 19Z | | Zero Coupon Subordinated Capital Debentures, due November 29, 2019 | | FRE PR B | | Variable Rate, Non-Cumulative Preferred Stock | | FRE PR F | | 5% Non-Cumulative Preferred Stock | | FRE PR G | | Variable Rate, Non-Cumulative Preferred Stock | | FRE PR H | | 5.1% Non-Cumulative Preferred Stock | | FRE PR K | | 5.79% Non-Cumulative Preferred Stock | | FRE PR L | | Variable Rate, Non-Cumulative Preferred Stock | | FRE PR M | | Variable Rate, Non-Cumulative Preferred Stock | | FRE PR Q | | Variable Rate, Non-Cumulative Preferred Stock | | FRE PR P | | 6% Non-Cumulative Preferred Stock | | FRE PR N | | Variable Rate, Non-Cumulative Preferred Stock | | FRE PR O | | 5.81% Non-Cumulative Preferred Stock | | FRE PR R | | 5.7% Non-Cumulative Preferred Stock | | FRE PR S | | Variable Rate, Non-Cumulative Perpetual Preferred Stock | | FRE PR T | | 6.42% Non-Cumulative Perpetual Preferred Stock | | FRE PR U | | 5.9% Non-Cumulative Perpetual Preferred Stock | | FRE PR V | | 5.57% Non-Cumulative Perpetual Preferred Stock | | FRE PR W | | 5.66% Non-Cumulative Perpetual Preferred Stock | | FRE PR X | | 6.02% Non-Cumulative Perpetual Preferred Stock | | FRE PR Y | | 6.55% Non-Cumulative Perpetual Preferred Stock | | FRE PR Z | | Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, $1.00 Par Value | | | | | | Fannie Mae | | | | FNM | | Common stock | | FNM 19Z | | Zero Coupon Subordinated Capital Debentures due October 9, 2019 | | FNM 14Z | | Zero Coupon Debentures due July 5, 2014 | | FNA | | 8.75% Non-Cumulative Mandatory Convertible Prefered Stock, Series 2008-1 | | FNM PR H | | 5.81% Non-Cumulative Preferred Stock, Series H | | FNM PR L | | 5.125% Non-Cumulative Preferred Stock, Series L | | FNM PR M | | 4.75% Non-Cumulative Preferred Stock, Series M | | FNM PR N | | 5.50% Non-Cumulative Preferred Stock, Series N, without par value | | FNM PR G | | Variable Rate, Non-Cumulative Preferred Stock, Series G | | FNM PR P | | Variable Rate, Non-Cumulative Preferred Stock, Series P | | FNM PR Q | | 6.75% Non-Cumulative Preferred Stock, Series Q | | FNM PR R | | 7.625% Non-Cumulative Preferred Stock, Series R | | FNM PR S | | Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S | | FNM PR T | | 8.25% Non-Cumulative Preferred Stock, Series T | | FNM PR F | | Variable Rate, Non-Cumulative Preferred Stock, Series F | | FNM PR I | | 5.375% Non-Cumulative Preferred Stock, Series I | About NYSE Euronext NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 6,400 listed issues representing a combined $26.7 / 17.1€ trillion (as of June 30, 2008) in total global market capitalization, approximately four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $157.0 /102.7€ billion (as of June 30, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com. Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein. NYSE Euronext Rich Adamonis, 212-656-2140 radamonis@nyx.com or NYSE Regulation Scott Peterson, 212-656-4089 speterson@nyx.com
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