Freddie Mac, Fannie Mae to delist shares from NYSE under agency orders

By Susanna Moon

Chicago, June 16 - Freddie Mac said it notified the New York Stock Exchange of its intent to delist its common stock and the 20 listed classes of its preferred stock, and Fannie Mae said it notified the exchange and the Chicago Stock Exchange of its intention to delist its common and preferred shares.

The notices were made under a directive by the Federal Housing Finance Agency, the companies' conservators, according to company press releases.

After the delisting, the shares are expected to trade in the over-the-counter market and be quoted on OTC Bulletin Board, a centralized electronic quotation service for over-the-counter securities, under ticker symbols that have yet to be assigned.

Freddie and Fannie said they expect the shares to continue to trade on OTCBB so long as market makers demonstrate an interest in trading in the common and preferred stock.

The transition will not affect the companies' obligation to file reports with the Securities and Exchange Commission under federal securities laws, the companies said.

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