Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 273

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 273
---
 funding commitment, we may pay down the liquidation preference of all outstanding shares of senior preferred stock at any time, in whole or in part. If, after termination of Treasury's funding commitment, we pay down the liquidation preference of each outstanding share of senior preferred stock in full, the shares will be deemed to have been redeemed as of the payment date. 

FREDDIE MAC  |  2024 Form 10-K182

Financial Statements                               Notes to Consolidated Financial Statements | Note 11

The table below provides a summary of our senior preferred stock outstanding at December 31, 2024.Table 11.1 - Senior Preferred Stock(In millions, except initial liquidation preference price per share)SharesAuthorizedSharesOutstandingTotalPar ValueInitialLiquidationPreferencePrice per ShareTotalLiquidationPreferenceNon-draw Adjustments:20081.00 1.00 $1.00 $1,000 $1,000 2017— — — N/A3,000 2019— — — N/A3,674 2020— — — N/A7,217 2021— — — N/A11,420 2022— — — N/A9,919 2023— — — N/A9,431 2024— — — N/A11,729 Total non-draw adjustments1.00 1.00 1.00 57,390 Draw Adjustments:2008— — — N/A13,800 2009— — — N/A36,900 2010— — — N/A12,500 2011— — — N/A7,971 2012— — — N/A165 2018— — — N/A312 Total draw adjustments— — — 71,648 Total senior preferred stock1.00 1.00 $1.00 $129,038 

No cash was received from Treasury under the Purchase Agreement in 2024 because we had positive net worth at December 31, 2023, March 31, 2024, June 30, 2024, and September 30, 2024 and, consequently, FHFA did not request a draw on our behalf in 2024