Why Wouldn't Treasury Conduct One Or More Private Sales of GSE Common Stock ASAP After Trump 47 Inauguration?
Let’s assume Treasury initiates the recap/release process as soon after January 20, 2025 as possible, by (i) voiding its GSE Senior Preferred Stock (for reasons explained in a prior Rule of Law Guy newsletter post), (ii) exercising its 79.9% warrant position, (iii) listing the GSE common stock on the New York Stock Exchange1, which would likely be a requirement of the private resale buyers (and providing the buyers SEC registration rights, but now we are getting securities law geeky), and (iv) selling a portion of its common stock in each GSE to large institutional investors in private sales.
What would this do for Treasury and the recap/release process?
Keep reading with a 7-day free trial
Subscribe to Rule of Law Guy’s Newsletter to keep reading this post and get 7 days of free access to the full post archives.