WASHINGTON, June 16 (UPI) -- The Federal National Mortgage Association Wednesday notified New York and Chicago stock exchanges of its intention to delist its stock due to low prices.
Fannie Mae said it had filed notification with the Securities and Exchange Commission of its intention to delist common and preferred stock, a move prompted by the New York Stock Exchange, which informed Fannie Mae on June 15 that it no longer met minimum standards on prices to maintain a presence on the exchange.