Freddie Mac (FRE) Said Its In Compliance With NYSE's Minimum Share Price Requirement

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September 4, 2009 6:43 AM EDT

Freddie Mac (NYSE: FRE) said that yesterday is was notified by the New York Stock Exchange (NYSE) that it has returned to compliance with the NYSE’s minimum share price listing requirement.

In a September 3 letter to the company, the NYSE said that a review as of August 31, 2009, showed that Freddie Mac’s average share price over the preceding 30 trading days and its closing share price on that date were both more than $1.00, above the NYSE's minimum requirement.

The NYSE letter stated that Freddie Mac is no longer considered to be below the NYSE's $1.00 continued listing criterion, and the exchange will discontinue dissemination of the ".BC" – "below compliance" – indicator on the NYSE website and exchange listing.