Freddie to Issue '06 Annual Report in 1Q

Freddie Mac will issue its 2006 annual report late in the first quarter of 2007 and then turn its attention to getting out its quarterly financial reports "as quickly as possible," Freddie chairman and chief executive Richard Syron has told the company's annual shareholder meeting.After the annual report is issued, "our intent is to turn all our efforts" to the quarterly reports, Mr. Syron said in clarifying the company's timetable for returning to regular quarterly reporting. At the meeting, the shareholders approved the directors slate, including the addition of Robert Glauber to the board. Mr. Glauber is chairman and chief executive of the National Association of Securities Dealers and a former Treasury under secretary (1989-1992). The shareholders defeated a shareholder proposal that would require Freddie to disclose its corporate contributions to civil rights activist Jesse Jackson's organizations and other charities. Freddie Mac can be found online at http://www.freddiemac.com.