Stock Splits

Freddie Mac (NYSE: FRE) reported in a filing with the SEC that the company has notified the NYSE that it intends to bring the share price of its common stock & the average share price of its common stock for 30 consecutive trading days above $1.00 by no later than May 18, 2009.

Freddie Mac is currently working with its conservator, the FHFA, to determine the specific action or actions that Freddie Mac will take to cure the deficiency. If necessary to bring its share price and its average share price for 30 consecutive trading days above $1.00, and subject to the approval of the U.S. Department of the Treasury, Freddie Mac has advised the NYSE that it may undertake a reverse stock split in order to cure the deficiency by the May 18, 2009 date. Freddie Mac expects to determine the actual number of shares that will produce one share of common stock as a result of any reverse stock split based on both the market price of Freddie Mac's common stock prior to announcement of the split and additional input from FHFA and Treasury.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders.
Sign up at EasyStockAlerts.com To Be Alerted To Your Stock News Today!

Bloomberg is reporting Fannie Mae (NYSE: FNM) May Undertake Reverse Stock Split By May 11, 2009

Federal National Mortgage Association (Fannie Mae) is engaged in providing funds to mortgage lenders through its purchases of mortgage assets, and issuing and guaranteeing mortgage-related securities that facilitate the flow of additional funds into the mortgage market.
Subscribe to EasyStockAlerts.com & Get real-time e-mail alerts when news hits your stocks!

Blyth, Inc. (NYSE: BTH) announced that its Board of Directors has approved a reverse stock split of the company's common stock.

If stockholders approve the split, Blyth's Board may select a reverse stock split ratio of either 1-for-3 or 1-for-4.

Winthrop Realty Trust (NYSE: FUR) announced that its Board of Trustees has approved a reverse split of Winthrop's common shares of beneficial interest at a ratio of one-for-ten shares, to take effect after the close of the market on Friday, November 28, 2008 with the first post-split trading day to be December 1, 2008. Pursuant to Winthrop's Declaration of Trust, the reverse split does not require any further action on the part of Winthrop's Board of Trustees or shareholders.

The reverse split will reduce the number of Winthrop's outstanding common shares from approximately 78.7 million to approximately 7.87 million shares.

Winthrop Realty Trust is a NYSE-listed real estate investment trust (REIT) headquartered in Boston, Massachusetts.

Converted Organics Inc. (NASDAQ: COIN) announced a common stock dividend of three (3) shares of common stock for each twenty (20) shares of common stock outstanding, payable to all holders of record of the common stock on November 17, 2008. No fractional shares will be issued in connection with this stock dividend. This dividend will be paid on approximately December 1, 2008 to all shareholders of record on November 17, 2008.