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Washington Mutual Capital Trust 2001, 5.375% PIERS Units due 7/1/2041
Ticker Symbol: WAHUQ* CUSIP: 939322848 Exchange: OTCBB
* NOTE: This security is no longer trading as of 3/20/2012
Security's Distribution is Suspended!
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Washington Mutual Capital Trust 2001, Trust Preferred Income Equity Redeemable Securities (PIERS), issued at $50 per PIERS. The PIERS initially consist of a Washington Mutual Capital Trust 2001 5.375% preferred security, stated liquidation value $50, maturing 7/01/2041, and a warrant to purchase 1.2081 shares of common stock of Washington Mutual Inc. (NYSE: WM) at prices between $32.33 and $50 at any time at the holder's option before 5/03/2041 when the warrants expire. The preferred securities are redeemable at the issuer's option on or after 5/03/2006 at $50 per share plus accrued dividends if the price of the common stock exceeds $49.66 per share. Distributions of 5.375% ($2.6875) per annum are paid quarterly on 2/1, 5/1, 8/1 & 11/1 to the holders of record on the business day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see prospectus for details). The trust will use their funds from the sale of the preferred securities to purchase from the company the 5.375% Junior Subordinated Deferrable Interest Debentures. At any time at the holder's option the preferred stock and the warrant may be separated and transferred separately. See the IPO prospectus for further information on the PIERS by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (WAMUQ)
Notes: 3/19.2012 -- Plan of bankruptcy effective - all shares have been cancelled per the Other OTC on 3/19/2012. ____________ Sept. 25, 2008 - JPMorgan Chase & Co. (NYSE: JPM) tonight announced it has acquired all deposits, assets and certain liabilities of Washington Mutual's banking operations from the Federal Deposit Insurance Corporation (FDIC), effective immediately. Excluded from the transaction are the senior unsecured debt, subordinated debt, and preferred stock of Washington Mutual's banks. JPMorgan Chase will not be acquiring any assets or liabilities of the banks' parent holding company (WM) or the holding company's non-bank subsidiaries. As part of this transaction, JPMorgan Chase will make a payment of approximately $1.9 billion to the FDIC.
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IPO - 8/31/2001 - 10.07 Million Units @ $50.00/unit.
Link to IPO Prospectus
Previous Ticker Symbol: WAHCU Changed: 9/29/2008
Market Value $539.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1201 Third Avenue, Seattle, WA 98101 |
| Main Phone Number |
206-461-2000 |
| Fax Number |
206-490-2447 |
| Investor Relations
Jennifer Valdez
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206-461-2192
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| Toll Free Phone Number |
800-788-7000 |
| CEO - Kerry K. Killinger |
CFO - Thomas W. Casey |
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