Fannie Mae 2005 Annual Report Download - page 61

dividend of $0.50 per share for the second quarter of 2007. Our Board of Directors will continue to assess
dividend payments for each quarter based upon the facts and conditions existing at the time.
Our payment of dividends is subject to certain restrictions, including the submission of prior notification to
OFHEO detailing the rationale and process for the proposed dividend and prior approval by the Director of
OFHEO of any dividend payment that would cause our capital to fall below specified capital levels. See
“Item 7—MD&A— Liquidity and Capital Management—Capital Management—Capital Activity—OFHEO
Oversight of Our Capital Activity” for a description of these restrictions. Payment of dividends on our
common stock is also subject to the prior payment of dividends on our 11 series of preferred stock,
representing an aggregate of 110,175,000 shares outstanding as of April 2, 2007. Quarterly dividends declared
on the shares of our preferred stock outstanding totaled $128.4 million for the quarter ended March 31, 2007.
See “Notes to Consolidated Financial Statements—Note 16, Preferred Stock” for detailed information on our
preferred stock dividends.
Securities Authorized for Issuance under Equity Compensation Plans
The information required by Item 201(d) of Regulation S-K is provided under “Item 12—Security Ownership
of Certain Beneficial Owners and Management and Related Stockholder Matters,” which is incorporated herein
by reference.
Recent Sales of Unregistered Securities
Information about sales and issuances of our unregistered securities during 2005 and 2006 was provided in
Forms 8-K we filed on May 9, 2006, August 9, 2006, November 8, 2006 and February 27, 2007, and in our
Annual Report on Form 10-K for the year ended December 31, 2004 filed on December 6, 2006.
The securities we issue are “exempted securities” under the Securities Act and the Exchange Act to the same
extent as obligations of, or guaranteed as to principal and interest by, the United States. As a result, we do not
file registration statements with the SEC with respect to offerings of our securities.
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