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Fly News Breaks for February 5, 2020
FNMA, FMCC
Feb 5, 2020 | 12:40 EDT
In its annual investor update, Bill Ackman's Pershing Square said it believes Fannie Mae (FNMA) and Freddie Mac (FMCC) "are firmly on a path towards exiting conservatorship." Several important catalysts are on the horizon prior to the election, the firm said in a presentation. Pershing expects "substantial additional share price appreciation as key steps are taken towards ending the conservatorships."
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