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Investor Fairholme wants governance actions at Fannie, Freddie
March 3, 2014 / 11:41 AM / 4 years ago

Investor Fairholme wants governance actions at Fannie, Freddie

March 3 (Reuters) - Fairholme Capital Management has sent letters to the boards of U.S. government-controlled Fannie Mae and Freddie Mac seeking corporate governance actions including a halt to borrowing to pay dividends to the government.

Fairholme, founded by fund manager Bruce Berkowitz, also wants the mortgage companies to hold annual shareholder meetings and relist on the New York Stock Exchange.

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