Freddie Mac 2009 Annual Report Download - page 56

PART II
Throughout PART II of this Form 10-K, including the Financial Statements and MD&A, we use certain acronyms and
terms which are defined in the Glossary.
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock, par value $0.00 per share, is listed on the NYSE under the symbol “FRE.” As of February 11, 2010,
there were 648,377,977 shares of our common stock outstanding.
Table 4 sets forth the high and low sale prices of our common stock for the periods indicated.
Table 4 — Quarterly Common Stock Information
High Low
Sale Prices
2009 Quarter Ended
December 31 .............................................................................. $ 1.86 $ 1.02
September 30 ............................................................................. 2.50 0.54
June 30. . . ............................................................................... 1.05 0.53
March 31 . ............................................................................... 1.50 0.35
2008 Quarter Ended
December 31 .............................................................................. $ 2.03 $ 0.40
September 30 ............................................................................. 16.59 0.25
June 30. . . ............................................................................... 29.74 16.20
March 31 . ............................................................................... 34.63 16.59
Holders
As of February 11, 2010, we had 2,062 common stockholders of record.
Dividends
Table 5 sets forth the cash dividends per common share that we have declared for the periods indicated.
Table 5 — Dividends Per Common Share
Regular Cash
Dividend Per Share
2009 Quarter Ended
December 31 . . ............................................................................ $0.00
September 30. . ............................................................................ 0.00
June 30 .................................................................................. 0.00
March 31 . . . . ............................................................................ 0.00
2008 Quarter Ended
December 31 . . ............................................................................ $0.00
September 30. . ............................................................................ 0.00
June 30 .................................................................................. 0.25
March 31 . . . . ............................................................................ 0.25
Dividend Restrictions
Our payment of dividends is subject to the following restrictions:
Restrictions Relating to Conservatorship
As Conservator, FHFA announced on September 7, 2008 that we would not pay any dividends on Freddie Mac’s
common stock or on any series of Freddie Mac’s preferred stock (other than the senior preferred stock). FHFA has instructed
our Board of Directors that it should consult with and obtain the approval of FHFA before taking actions involving
dividends. See also “— Restrictions on Dividends from REIT Subsidiaries.”
Restrictions Under Purchase Agreement
The Purchase Agreement prohibits us and any of our subsidiaries from declaring or paying any dividends on Freddie
Mac equity securities (other than the senior preferred stock) without the prior written consent of Treasury. See also
“— Restrictions on Dividends from REIT Subsidiaries.”
Restrictions Under Reform Act
Under the Reform Act, FHFA has authority to prohibit capital distributions, including payment of dividends, if we fail
to meet applicable capital requirements. Under the Reform Act, we are not permitted to make a capital distribution if, after
making the distribution, we would be undercapitalized, except the Director of FHFA may permit us to repurchase shares if
the repurchase is made in connection with the issuance of additional shares or obligations in at least an equivalent amount
and will reduce our financial obligations or otherwise improve our financial condition. If FHFA classifies us as
53 Freddie Mac