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Washington Mutual, 7.75% Series R Non-Cumul Perp Conv Preferred Stock
Ticker Symbol: WAMPQ* CUSIP: 939322814 Exchange: OTOTC
* NOTE: This security is no longer trading as of 3/20/2012
Security's Distribution is Suspended!
QUANTUMONLINE.COM SECURITY DESCRIPTION: Washington Mutual Inc., 7.75% Series R Non-Cumulative Perpetual Convertible Preferred Stock, liquidation preference $1000 per share, and with no stated maturity. Non-cumulative distributions of 7.75% ($77.50) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the first day of the month in which the payment is due (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-50 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 47.0535 common shares of Washington Mutual Inc. (NYSE: WM), an initial conversion price of $21.25 per common share. On or after 12/18/2012, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Stock Exchange |
Cpn Rate Ann Amt |
LiqPref CallPrice |
Call Date Matur Date |
Moodys/S&P Dated |
Conv Shrs Conv Price |
Distribution Dates |
15% Tax Rate |
OTOTCn
OTOTCps
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7.75%
$77.5
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$1,000.00
$1,000.00
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12/18/2012
None
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WR
NR
2/18/2012
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47.0535
$21.25
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Suspended!
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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YES
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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 - 12/12/2007 - 3.00 Million Shares @ $1000.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: WM-R Changed: 9/29/2008
Market Value $3.0 Billion
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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