Fannie Mae Reports First Quarter 2008 Results; Announces Equity Offering to Increase Capital and an Expected Reduction in Common Stock Dividend
Company Will Host Investor/Analyst Conference Call
WASHINGTON, May 6 /PRNewswire-FirstCall/ — Fannie Mae (NYSE: FNM)
today filed its first quarter report on Form 10-Q with the U.S. Securities
and Exchange Commission. The filing provides consolidated financial
statements for the first quarter of 2008. The following documents are now
available on Fannie Mae’s Web site:
— News Release reporting 2008 first quarter financial results
— Fannie Mae’s quarterly report on Form 10-Q
— 2008 Q1 Investor Summary
At 10:30 a.m. Eastern Time today, Fannie Mae will host a conference
call for the investment community to discuss the filing. Mary Lou Christy,
Senior Vice President, Investor Relations, will host the call. Daniel Mudd,
President and Chief Executive Officer, Stephen Swad, Executive Vice
President and Chief Financial Officer, and Robert Levin, Executive Vice
President and Chief Business Officer, will address investors and analysts.
They, along with other members of senior management, will be available for
questions. The dial-in number for the call is 1-877-209-9922 or, for
international callers, 612-332-0932. The confirmation code is 920753.
Please dial in five to 10 minutes prior to the start of the call. A replay
of the call will be available for 30 days starting at 1:00 p.m. Eastern
Time on May 6 through midnight Eastern Time on June 3. The replay number
for the call is 1-800-475-6701 or, for international callers, 320-365-3844.
The confirmation code is 920753.
The conference call will also be webcast at http://www.fanniemae.com and will
be available for 30 days after the call.
Fannie Mae is a shareholder-owned company with a public mission. We
exist to expand affordable housing and bring global capital to local
communities in order to serve the U.S. housing market. Fannie Mae has a
federal charter and operates in America’s secondary mortgage market to
ensure that mortgage bankers and other lenders have enough funds to lend to
home buyers at low rates. In 2008, we mark our 70th year of service to
America’s housing market. Our job is to help those who house America.
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