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Washington Mutual, Floating Rate Dep Shares Series K Non-cumul Preferred Stock
Ticker Symbol: WAMKQ* CUSIP: 939322830 Exchange: OTOTC
* 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, Depositary Shares each representing a 1/40,000th Interest in a Share of Series K Perpetual Non-Cumulative Floating Rate Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/15/2011 at $25 per depositary share plus delared and unpaid dividends, and with no stated maturity. Non-cumulative floating rate distributions are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the first day of the month is which the payment is due. The floating rate distributions will be paid at a rate equal to the greater of the 3-Month LIBOR plus 0.70%, or 4.00%. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-28 of the prospectus for further information). In regards to 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 preferred stock 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 - 9/13/2006 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: WM-K Changed: 9/29/2008
Market Value $500.0 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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