Washington, October 5, 2026 / PRNewswire / -- Fannie Mae ( OTCQB : FNMA ) Today, we announced the results of our fixed-price cash tender offer for several Connecticut Avenue Securities ® ( CAS ) notes (hereinafter referred to as "notes") listed in the table below. These tender offers are individually designated as "tenders" and collectively referred to as the "tender offer." The relevant terms and conditions are contained in the "Tender Offer Letter" dated September 28, 2026, and the corresponding "Guaranteed Delivery Notice" (collectively referred to as the "tender offer documents").

As of the specified expiration date for the tender offer, which is 5:00 PM on October 2, 2026, New York Time, a total of $1.026 billion in principal amount of notes were effectively submitted and not effectively withdrawn. The following table lists the remaining principal amount of the notes, the proportion of the submitted principal amount, and the amount of principal submitted in the tender offer.

For the bills submitted in the tender offer and accepted for purchase, the settlement date is expected to be October 6, 2026 (Tuesday), hereinafter referred to as the "settlement date." Bills submitted through the "Guaranteed Delivery Notice" and accepted for purchase are expected to be purchased on October 7, 2026 (Wednesday), however, the accrued interest for such bills will only be paid up to the settlement date, excluding the day of the settlement date itself.

BofA Securities, Inc will serve as the designated Chief Transaction Manager for this tender offer, while Citigroup Global Markets Inc will act as the designated Transaction Manager. Global Bondholder Services Corporation will act as the acquisition agent and information agent for this tender offer.

Relevant links:

• CAS Debt Tender Offer Press Release
• 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 investment decision regarding the purchase or sale of securities mentioned in this document must be made solely based 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 are not directed to any noteholders in jurisdictions where making or accepting such offers would be in violation of the securities laws, Blue Sky Laws, or other applicable laws of those jurisdictions. In jurisdictions where securities laws or Blue Sky Laws require that offers must be made by licensed brokers or dealers, such offers will be deemed to be made on behalf of the company by one or more trading managers; if such trading managers hold licenses in those jurisdictions, they will make the offers, or the offers will be made by one or more licensed registered brokers or dealers in accordance with the laws of those jurisdictions.

Unless you understand the nature of securities and the level of risk you are undertaking, you should not engage in securities trading. You should consider your own circumstances and financial situation to determine whether it is suitable for you. If you have any questions, you should consult a financial advisor with appropriate qualifications.

This press release contains forward-looking statements, including statements regarding the timing of the purchase of notes in the tender offer and the expected settlement and completion. These forward-looking statements are based on Fannie Mae's current intentions, beliefs, or expectations, but such statements do not guarantee that they will occur, and they may not occur. Actual results may differ from these statements. Factors that could cause such differences are set forth in the tender offer documents and in sections such as "Risk Factors" and "Forward-Looking Statements" and other contents referenced therein. All forward-looking statements are as of the date of this press release, and Fannie Mae assumes no obligation to update such information.

Connecticut Avenue Securities is a registered trademark of Fannie Mae. The unauthorized use of this trademark is prohibited.