Freddie Mac 2008 Annual Report Download - page 232

aggregate amount of funding previously provided under the commitment. Any payment that Treasury makes under those
circumstances will be treated for all purposes as a draw under the Purchase Agreement that will increase the liquidation
preference of the senior preferred stock.
Preferred Stock
Table 9.1 provides a summary of our senior preferred stock and preferred stock outstanding at December 31, 2008. We
have the option to redeem our preferred stock on specified dates, at their redemption price plus dividends accrued through
the redemption date. However, without the consent of Treasury, we are restricted from making payments to purchase or
redeem preferred stock as well as paying any preferred dividends, other than dividends on the senior preferred stock. In
addition, all 24 classes of preferred stock are perpetual and non-cumulative, and carry no significant voting rights or rights to
purchase additional Freddie Mac stock or securities. Costs incurred in connection with the issuance of preferred stock are
charged to additional paid-in capital.
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