Freddie Mac Announces Shares of Company's Common and Preferred Stock to be Traded on OTC Market

MCLEAN, Va., July 7 /PRNewswire-FirstCall/ -- Freddie Mac today announced that shares of the company's common stock and the 20 classes of its preferred stock that previously were listed and traded on the New York Stock Exchange (NYSE) will begin trading exclusively on the over-the-counter (OTC) market beginning Thursday, July 8, 2010.

The company announced in June that it would delist its common stock and the listed classes of its preferred stock from the NYSE.  The delisting will become effective on July 8, 2010.  On the OTC market, shares of Freddie Mac's common stock, which previously traded on the NYSE under the symbol FRE, will trade under the symbol FMCC.  Shares of the company's preferred stock will trade under the following symbols on the OTC market:

The transition to the OTC market will not affect the company's obligation to file periodic and certain other reports with the SEC under applicable federal securities laws.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.  www.FreddieMac.com

SOURCE Freddie Mac