Securities and Exchange Commission

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Freddie Says It Will Consider Reverse Stock Split 

Dec 03, 2008By

It was probably only a matter of time, but Freddie Mac [stock FRE][/stock] said Tuesday afternoon in a filing with the Securities and Exchange Commission that it intends to recover its share price above the $1.00 per share floor before the middle of next year, in an effort to remain on the New York Stock Exchange. Under applicable rules, the GSE has until May 18, 2009 to boost its share price, or face suspension and delisting from the Big Board.

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