Washington Mutual Preferred fka WAMPQ

[marayatano]

My reliance was on this: http://www.sidedraught.com/stocks/WashingtonMutual/DIME-LTW/302.pdf

See Footnote No. 26, at page 80 (PDF 90):

If the Court finds that the LTWs are equity then the LTW holders have claims in Class 21. If the Court finds in favor of the Plaintiffs on their breach of contract claim, and finds the LTWs are not equity securities, then the LTW holders have claims in Class 18.

See also: http://www.kccllc.net/documents/0812229/0812229110404000000000002.pdf

Starting at Page 46 (PDF 367):

16 PIERS
17A WMB Senior Notes
17B WMB Subordinates Notes

18 Subordinated Claims

19 REIT
20 Preferred Equity Interest

IMO, the debt/creditor and equity line is drawn between Class 18 (debt/creditor) and 19 (equity).

So, imo, EC has no obligation to DIMEQ unless they are in Class 21. If Dimeq is Class 12 or 18, based on the above, DIMEQ would be categorized as debt/creditor.

Strictly my opinion.