Pershing Square Capital Management Proposes Restructuring of Fannie Mae and Freddie Mac

Pershing Square Capital Management, L.P. released a proposal today for the restructuring of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). A copy of Pershing Square’s proposal can be found by clicking the MULTIMEDIA AVAILABLE link at the bottom of this release.

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NEW YORK (PRWEB) July 15, 2008

About Pershing Square Capital Management, L.P.

Pershing Square Capital Management, L.P., based in New York City, is an SEC registered investment advisor to private investment funds with approximately $6 billion in capital under management. Pershing Square manages funds that are in the business of trading - buying and selling - securities and credit default swaps. Funds managed by Pershing Square have short positions in parts of the capital structures of Fannie Mae and Freddie Mac. Pershing Square has and in the future may increase, decrease, dispose of, or change the form of its investment in these companies for any or no reason.

MULTIMEDIA GALLERY http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5731811


Contact

  • William A. Ackman
    Pershing Square Capital Management, L.P.
    212-813-3700
    Email