Washington Mutual Preferred fka WAMPQ

[marayatano]

Thanks for the reply.

It looks like, more and more, commons really got a sweet deal and prefferds got shafted again, however, the K's got the most shaft compared to TPS and P.

IMO, we, as prefferds, have the 70/30 split and NO continuation of the liquidating trust as to APR, it WOULD HAVE BEEN more likely that prefferds would have been a lot closer to FV because we would have been paid the deficit between our P distribution of new commons and if APR was applied, we would have been closer to FV. At the very least, we as P, will get 20/25% more distribution more than the K and appreciation new shares (based on the dependency between p and k).

Oh well...

I can't wait to see the objection by TPS. Topics: 70/30 split, Kudros (Special K) as Liq Trustee, and APR re: liquidating trust.

imo