Washington Mutual Preferred fka WAMPQ

[clawmann]

Actually my numbers are quite correct for my P's. Each P gets at least 19 newco shares, and it will probably be closer to 20. My average purchase price is about $22.50. If each newco share returns $3 over the next couple of years (in the form of trust distributions and/or stock appreciation), then the P's I paid $22.50 for would have brought me $60 over the next couple of years. That's actually a nice healthy return. As I said, not a life-changer, but still quite acceptable.