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Article: Freddie Mac revises preferred stock market maker ownership reporting policy. (includes full text of letter to New York Stock Exchange member organizations)
- Article from:
- PR Newswire
- Article date:
- June 15, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FREDDIE MAC REVISES PREFERRED STOCK MARKET MAKER OWNERSHIP
REPORTING POLICY
RESTON, Va., June 15 /PRNewswire/ -- Freddie Mac (the Federal Home Loan Mortgage Corp.) (NYSE: FRE Pr) is notifying member organizations of the New York Stock Exchange of a change in corporate policy regarding the number of shares of Freddie Mac participating preferred stock that they may hold as approved "market makers," and of new market maker reporting requirements on Freddie Mac stock holdings.
Market makers are permitted to buy and sell the corporation's preferred stock in order to facilitate trading and maintain a fair and orderly market ...