Your three CUSIPs are WMI securities used for Plan 7 voting/election processing via DTC—not Wells Fargo MBS trusts.
939322 103 = Common (Class 22).
939322 814 = Preferred “P” (Class 19).
939322 830 = Preferred “K” (Class 19).
The “tender into the DTC election account” language is standard DTC/ATOP processing for corporate-action elections (opt-in/out of releases). It ensured the positions were blocked while KCC tallied elections. It does not create any ongoing DTC-held claim or a pipeline to Wells Fargo trusts.
WMILT handled all WMI estate distributions; it made its final distribution Jan 10, 2020 and wound down. There’s no active distribution path today tied to those CUSIPs.
Wells Fargo “WaMu MBS” trusts are separate securitization trusts that pay their certificate holders, not former WMI common/preferred. Courts routinely reference Wells Fargo as trustee for WaMu Mortgage Pass-Through trusts—that’s a different legal silo from WMILT.
What your quoted text means (in plain English)
For each CUSIP, the ballot says your broker (Voting Nominee) must “tender” your position into a DTC election (contra-CUSIP) account so your release election counts; once tendered, the position is blocked from trading until released. That’s exactly how DTC ATOP works for voluntary corporate actions.
Example artifacts showing this, matching your quotes:
Common (939322 103 / Class 22) ballot—tender into the DTC election account; trading blocked while tendered.
Preferred K (939322 830 / Class 19) ballot—same tender + block language.
Preferred P (939322 814 / Class 19) ballot—same again.
Important clarifications
Does DTC “maintain” those elections today? No. ATOP is a processing rail for participating brokers during the event window. After the event, DTC releases or cancels the tendered positions back to the target CUSIP (or the CUSIP is later deleted/canceled), and the official record of elections/distributions lives with the issuer’s agent (KCC/WMILT)—not DTC. WMI even issued press releases instructing DTC to release and return tendered securities back to their trading CUSIPs once appropriate.
Any tie to a “Wells Fargo trust”? None for these CUSIPs.
Wells Fargo, as trustee, appears in litigation and filings for WaMu Mortgage Pass-Through Certificate trusts (e.g., Series 2004-PR2, 2005-PR1, 2006-PR1). Those trusts distribute cash only to their MBS certificate holders, unrelated to former WMI equity.
WMILT distributions followed the confirmed Plan and ended Jan 2020; nothing routes through Wells Fargo MBS trustees for your CUSIPs.
Bottom line for your three CUSIPs
They were ballot/election identifiers for WMI equity classes under Plan 7.
DTC election accounts were a temporary processing mechanism, not an escrow of future value.
No active WMILT distributions remain, and no Wells Fargo MBS trust pays on these CUSIPs.
Sources you can save:
Fidelity’s ballot index mapping the CUSIPs to Classes (22 and 19).
Ballot PDFs showing the tender/blocking language (your quotes).
DTC ATOP user guide (how elections are processed).
WMILT final distribution/wind-down notices (Dec 2019 approval; Jan 2020 final).
AI
