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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:50 EDTFMCCAckman increases economic exposure to Freddie Mac to 11.08%
Bill Ackman's Pershing Square Capital confirmed in a regulatory filing that as of March 31 the fund and affiliates beneficially owned an aggregate of 63,575,565 shares of the common stock of Federal Home Loan Mortgage Corporation, or Freddie Mac, representing approximately 9.78% of its outstanding common stock. Pershing also has additional economic exposure to approximately 8,434,958 notional shares of common stock under certain cash-settled total return swaps, bringing total aggregate economic exposure to 72,010,523 shares of common stock, or approximately 11.08% of the outstanding common stock.
News For FMCC From The Last 14 Days
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August 22, 2014
17:18 EDTFMCCGoldman Sachs announces agreements with FHFA to repurchase $3.15B in RMBS
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August 20, 2014
09:03 EDTFMCCSpread of unrest beyond Ferguson would be positive for GSEs, says Rafferty
Rafferty Capital's Dick Bove indicates that he believes that if the unrest in Ferguson spreads, Congress would increase housing subsidies, benefiting the GSEs, Fannie Mae (FNMA) and Freddie Mac (FMCC).

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