Fannie Mae and Freddie Mac
3 activist/short documents on this target.
Timeline
2025-01-15
Pershing Square · press release
N1 V1
2025-01-16
Pershing Square · full deck
Fannie and Freddie have already repaid Treasury at an 11.6% IRR; releasing them from conservatorship via modest IPOs unlocks ~$300bn of warrant value for taxpayers within two years.
N5 V4
2025-01-16
Pershing Square · press release
N1 V1