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BUENOS AIRES – Cresud (BCBA:CRESm) Inc. (NASDAQ: CRESY, BYMA:CRES), a leading real estate and agriculture company with a market capitalization of $698 million and a notable dividend yield of 9.16%, has announced the issuance of new shares following the exercise of warrants by holders. According to InvestingPro data, the company has demonstrated strong momentum with a 40% return over the past year. The company informed that between February 17 and 25, 2025, a total of 1,908,747 ordinary shares were issued at a face value of ARS 1 each. This transaction resulted in the collection of USD 767,125 for Cresud. The stock currently trades at $10.05, and InvestingPro analysis suggests the stock is slightly overvalued at current levels, with 8 additional exclusive insights available to subscribers.
As a consequence of these exercises, Cresud’s total number of shares and capital stock has increased, with shares rising from 603,140,435 to 605,049,182. Subsequently, the count of outstanding warrants has decreased from 81,063,170 to 79,706,994.
The company provided a detailed summary of the transaction, stating that for each warrant exercised, 1.4075 ordinary shares were issued at a current exercise price of USD 0.4019 per share. The shares issued include adjustments for rounding in each exercise instruction calculation.
Following this exercise, Cresud’s outstanding ordinary shares have reached 605,049,182, with a fully diluted total of 717,236,776, including shares that would be issued upon the exercise of all remaining warrants. The company maintains a Fair financial health score according to InvestingPro’s comprehensive analysis, with particularly strong momentum shown by a 29% price return over the past six months.
This information, based on a press release statement, reflects the company’s latest financial movements and is intended to keep investors informed about changes in Cresud’s share structure. Cresud has complied with regulatory requirements by filing the report with the Bolsa de Comercio de Buenos Aires, the Comisión Nacional de Valores, and the Securities and Exchange Commission on Thursday, March 6, 2025.
In other recent news, Cresud Inc. has completed its share repurchase program, acquiring 99.98% of the approved shares. The company purchased a total of 4,522,623 common shares, representing 0.75% of its outstanding shares. Earlier, Cresud had reported the acquisition of 400,000 shares and 366,949 shares in separate transactions, bringing the total to 3,662,623 shares, which was 80.45% of the targeted buyback at that time. The share repurchase program was part of Cresud’s strategy to manage its capital and enhance shareholder value. The company had also previously announced the repurchase of 250,000 shares, reaching 72.09% of the authorized program. Cresud’s actions reflect its confidence in its financial health and commitment to shareholder value. These repurchases were conducted in accordance with regulatory frameworks in Argentina and the United States. Cresud’s strategic financial maneuvers have been closely monitored by investors and market participants.
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