These can only be converted into common, and cannot be redeemed for cash. (OLD FACTS-NOT CONVERTIBLE ANY MORE)
Old symbol: WM.PRR, Issued 12-17-2007.
Outstanding: 3,000,000. Liquidation Value: $1,000
Interest Paid: 7.75%
On December 17, 2007, WMI issued 3,000,000 preferred convertible shares, at a price of $1,000, to raise approx $2.9B. These were paying 7.75% interest.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.