Washington, September 28th / PRNewswire / -- Fannie Mae ( OTCQB : FNMA ) Today, we announce that we have initiated a fixed-price cash tender offer for the following listed Connecticut Avenue Securities ® ( CAS ) notes (hereinafter referred to as "notes"), with one tender per note, collectively referred to as the "offer". The relevant terms and conditions are contained in the Tender Offer Letter dated September 28, 2026, and the corresponding Delivery Guarantee Notice (collectively referred to as the "offer documents"). The categories of notes subject to the offer are issued by the REMIC trusts listed in the table below (each referred to as a "trust"). Fannie Mae holds the ownership certificates for each trust issuance and is therefore the sole beneficiary of each trust.
Unless extended or terminated in advance, these offers will expire at 5:00 p.m. on Friday, October 2, 2026, New York Time (the “Expiration Time”). At or before the Expiration Time, the holder may withdraw the submitted notes at any time in accordance with the procedures described in the offer document.
Fannie Mae has hired BofA Securities, Inc, and Citigroup Global Markets Inc to serve as the transaction managers for this offer. Global Bondholder Services Corporation will act as the acquisition agent and information agent for this offer. Fannie Mae indicates that, subject to meeting the conditions of the offer, they intend to acquire any and all of the instruments listed in the table below.
The following table outlines the main pricing terms of the offer.
*Refers to the total principal amount of such class on the issuance date, less the total principal amount of such class that has been repurchased by the company through one or more tender offers prior to that date (if applicable).
Holders must submit their notes validly on or before the maturity date in order to be eligible for the offer consideration; this consideration will be included in the percentage of the monthly certificates available on September 25, 2026. In addition, note holders who are the subject of the tender offer will also receive the accrued but unpaid interest from the last interest payment date up to but not including the settlement date (as defined in the 'Tender Offer Document'). Fannie Mae The estimated settlement date is October 6, 2026. Any notes submitted through the 'Guaranteed Delivery Notice' and accepted for acquisition are expected to be purchased on October 7, 2026, but the accrued interest for such notes will only be paid up to but not including the settlement date.
Information regarding the method of submitting bills is contained in the tender document. Billholders who wish to obtain a copy of the tender document may contact the acquisition agent for this tender: Global Bondholder Services Corporation, telephone: (855) 654-2015 (toll-free) or (212) 430-3774 (for banks and brokers), email: [email protected]. Copies of the tender document are available at the following website: https:// www.gbsc-usa.com / FannieMae. For any questions regarding the terms of the tender, please contact BofA Securities, Inc, telephone: (888) 292-0070 (toll-free) or (980) 387-3907 (fees apply), or Citigroup Global Markets Inc, telephone: (800) 558-3745 (toll-free) or (212) 723-6106 (fees apply).
This press release contains forward-looking statements, including statements regarding the timing of note purchases in the tender offer and the expected settlement and completion. These forward-looking statements are based on the current intentions, beliefs, or expectations of Fannie Mae. However, forward-looking statements do not guarantee that such events will occur, and they may not actually happen. Actual results may differ from these statements. Factors that could lead to different results are listed in the tender offer documents and the "Risk Factors," "Forward-Looking Statements," and other sections of the documents referenced therein. All forward-looking statements are as of the date of this press release, and Fannie Mae assumes no obligation to update this information.
Relevant links:
CAS Notes Tender Offer Frequently Asked Questions
This press release does not constitute an offer to sell, nor an invitation to offer to purchase Fannie Mae securities (including notes). No content in this press release constitutes a recommendation to buy or sell any particular investment. Any decision to buy or sell the securities mentioned in this document must be based solely on the information contained in the offering documents and shall not rely on the completeness or accuracy of the information provided in this press release. Such offers will not be made to note holders in any jurisdiction where making or accepting such offers would be in violation of that jurisdiction’s securities laws, Blue Sky Laws, or other regulations. In jurisdictions where securities laws or Blue Sky Laws require that offers must be made by licensed brokers or dealers, if such licenses are available in that jurisdiction, the offer will be deemed to be made on behalf of the company by one or more trading managers, or by one or more registered brokers or dealers who are licensed under the laws of that jurisdiction.
Unless one understands the nature of securities and the level of risk they are undertaking, they should not engage in securities trading. One should consider their own circumstances and financial situation to determine whether it is suitable for them. If there are any doubts, it is advisable to consult a financial advisor with appropriate qualifications.
Connecticut Avenue Securities is a registered trademark of Fannie Mae. The unauthorized use of this trademark is prohibited.
