FEDERAL NATIONAL MORTGAGE ASSOCIATION Fannie Mae announced that it has commenced fixed-price cash tender offers for the purchase of any and all of the Connecticut Avenue Securities Notes listed below, upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents"). Certain of the classes of Notes subject to the Offers were issued by the REMIC trusts identified in the table below. Fannie Mae is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.
The Offers will expire at 5:00 PM New York City time on Friday, April 26, 2024 (the "Expiration Time") unless extended or earlier terminated. Notes tendered may be withdrawn at any time at or before the Expiration Time by following the procedures described in the Offer Documents.Fannie Mae has engaged BofA Securities as the designated lead dealer manager and Wells Fargo Securities as the designated dealer manager for the Offers. Fannie Mae has engaged Minority and Service-Disabled Veteran-owned Academy Securities Inc. and Service-Disabled Veteran-owned Drexel Hamilton, LLC as advisors on the transaction.
Global Bondholder Services Corporation will serve as the tender agent and information agent for the Offers. Fannie Mae is offering to purchase, subject to the conditions of the Offers, any and all of the Notes listed in the table below. Name of Security with Tender Offer Consideration (per $1,000 original principal amount): Connecticut Avenue Securities, Series 2017-C01, Class 1B-1 Notes: $1,132.50; Connecticut Avenue Securities, Series 2017-C02, Class 2B-1 Notes: $1,127.50; Connecticut Avenue Securities, Series 2018-R07, Class 1B-1 Notes$1,091.25; Connecticut Avenue Securities, Series 2019-R01, Class 2B-1 Notes: $1,090.00; Connecticut Avenue Securities, Series 2019-R02, Class 1B-1 Notes: $1,071.25; Connecticut Avenue Securities, Series 2020-R01, Class 1M-2 Notes:$1,025.00; Connecticut Avenue Securities, Series 2020-R02, Class 2M-2 Notes: $1,018.75.
