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it trades just like common. the weird thing with preferreds is the symbols differ slightly from broker to broker.For some this one would look like this:FREpZFRE-ZFRE.ZFRE PRZAll depends on what broker you are using.
like Citi and Bac and others so the capital can be used as loss reserve. Watch for announcement.PAR value $25 will be converted to common and we will all see a 200-300% move up from here. My guess is $20 if common stays flat.they will have a monster 3rd quarter and will have some write ups.next year will be huge for preferred fre and fnm holdersIN MY OPINION - please - learn for yourselves the golden opportunity.