FEDERAL HOME LOAN MORTGAGE CORP | 2013 | FY | 3


Table 11.4 — Preferred Stock
 
 
Issue Date
Shares
Authorized
Shares
Outstanding
Total
Par Value
Redemption
Price per
Share
Total
Outstanding
Balance(1)
Redeemable
On or After(2)
OTCQB
Symbol(3)
Preferred stock:
 
(in millions, except redemption price per share)
 
 
1996 Variable-rate(4)
April 26, 1996
5.00

5.00

$
5.00

$
50.00

$
250

June 30, 2001
FMCCI
5.81%
October 27, 1997
3.00

3.00

3.00

50.00

150

October 27, 1998
(5)
5%
March 23, 1998
8.00

8.00

8.00

50.00

400

March 31, 2003
FMCKK
1998 Variable-rate(6)
September 23 and 29, 1998
4.40

4.40

4.40

50.00

220

September 30, 2003
FMCCG
5.10%
September 23, 1998
8.00

8.00

8.00

50.00

400

September 30, 2003
FMCCH
5.30%
October 28, 1998
4.00

4.00

4.00

50.00

200

October 30, 2000
(5)
5.10%
March 19, 1999
3.00

3.00

3.00

50.00

150

March 31, 2004
(5)
5.79%
July 21, 1999
5.00

5.00

5.00

50.00

250

June 30, 2009
FMCCK
1999 Variable-rate(7)
November 5, 1999
5.75

5.75

5.75

50.00

287

December 31, 2004
FMCCL
2001 Variable-rate(8)
January 26, 2001
6.50

6.50

6.50

50.00

325

March 31, 2003
FMCCM
2001 Variable-rate(9)
March 23, 2001
4.60

4.60

4.60

50.00

230

March 31, 2003
FMCCN
5.81%
March 23, 2001
3.45

3.45

3.45

50.00

173

March 31, 2011
FMCCO
6%
May 30, 2001
3.45

3.45

3.45

50.00

173

June 30, 2006
FMCCP
2001 Variable-rate(10)
May 30, 2001
4.02

4.02

4.02

50.00

201

June 30, 2003
FMCCJ
5.70%
October 30, 2001
6.00

6.00

6.00

50.00

300

December 31, 2006
FMCKP
5.81%
January 29, 2002
6.00

6.00

6.00

50.00

300

March 31, 2007
(5)
2006 Variable-rate(11)
July 17, 2006
15.00

15.00

15.00

50.00

750

June 30, 2011
FMCCS
6.42%
July 17, 2006
5.00

5.00

5.00

50.00

250

June 30, 2011
FMCCT
5.90%
October 16, 2006
20.00

20.00

20.00

25.00

500

September 30, 2011
FMCKO
5.57%
January 16, 2007
44.00

44.00

44.00

25.00

1,100

December 31, 2011
FMCKM
5.66%
April 16, 2007
20.00

20.00

20.00

25.00

500

March 31, 2012
FMCKN
6.02%
July 24, 2007
20.00

20.00

20.00

25.00

500

June 30, 2012
FMCKL
6.55%
September 28, 2007
20.00

20.00

20.00

25.00

500

September 30, 2017
FMCKI
2007 Fixed-to-floating rate(12)
December 4, 2007
240.00

240.00

240.00

25.00

6,000

December 31, 2012
FMCKJ
Total, preferred stock
 
464.17

464.17

$
464.17

 
$
14,109

 
 
 
(1)
Amounts stated at redemption value.
(2)
In accordance with the Purchase Agreement, until the senior preferred stock is repaid or redeemed in full, we may not, without the prior written consent of Treasury, redeem, purchase, retire or otherwise acquire any Freddie Mac equity securities (other than the senior preferred stock or warrant).
(3)
Preferred stock trades exclusively through the OTCQB Marketplace unless otherwise noted.
(4)
Dividend rate resets quarterly and is equal to the sum of three-month LIBOR plus 1% divided by 1.377, and is capped at 9.00%.
(5)
Issued through private placement.
(6)
Dividend rate resets quarterly and is equal to the sum of three-month LIBOR plus 1% divided by 1.377, and is capped at 7.50%.
(7)
Dividend rate resets on January 1 every five years after January 1, 2005 based on a five-year Constant Maturity Treasury rate, and is capped at 11.00%. Optional redemption on December 31, 2004 and on December 31 every five years thereafter.
(8)
Dividend rate resets on April 1 every two years after April 1, 2003 based on the two-year Constant Maturity Treasury rate plus 0.10%, and is capped at 11.00%. Optional redemption on March 31, 2003 and on March 31 every two years thereafter.
(9)
Dividend rate resets on April 1 every year based on 12-month LIBOR minus 0.20%, and is capped at 11.00%. Optional redemption on March 31, 2003 and on March 31 every year thereafter.
(10)
Dividend rate resets on July 1 every two years after July 1, 2003 based on the two-year Constant Maturity Treasury rate plus 0.20%, and is capped at 11.00%. Optional redemption on June 30, 2003 and on June 30 every two years thereafter.
(11)
Dividend rate resets quarterly and is equal to the sum of three-month LIBOR plus 0.50% but not less than 4.00%.
(12)
Dividend rate is set at an annual fixed rate of 8.375% from December 4, 2007 through December 31, 2012. For the period beginning on or after January 1, 2013, dividend rate resets quarterly and is equal to the higher of: (a) the sum of three-month LIBOR plus 4.16% per annum; or (b) 7.875% per annum. Optional redemption on December 31, 2012, and on December 31 every five years thereafter.

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