Replies to post #476707 on Mr Cooper Group Inc (COOP)

[BBANBOB]

ON THE K's I was incorrect so it would be 4% plus the FJR IMHO

Washington Mutual, Floating Rate Dep Shares Series K Non-cumul Preferred Stock
Ticker Symbol: WAMKQ* CUSIP: 939322830 Exchange: OTOTC
Security Type: Traditional Preferred Stock
* NOTE: This security is no longer trading as of 3/20/12

Security's Distribution is Suspended!

QUANTUMONLINE.COM SECURITY DESCRIPTION: Washington Mutual, Depositary Shares each representing a 1/40,000th Interest in a Share of Series K Perpetual Non-Cumulative Floating Rate Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/15/2011 at $25 per depositary share plus delared and unpaid dividends, and with no stated maturity. Non-cumulative floating rate distributions are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the first day of the month is which the payment is due. The floating rate distributions will be paid at a rate equal to the greater of the 3-Month LIBOR plus 0.70%, or 4.00%. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-28 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange Cpn Rate
Ann Amt LiqPref
CallPrice Call Date
Matur Date Moodys/S&P
Dated Distribution Dates 15%
Tax Rate
OTOTC
Chart Floating
n.a. $25.00
$25.00 9/15/2011
None WR / NR
2/18/12 Suspended!
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Yes