You do realize that only the REITS offering was backed by any assets, ie the Trust Preferred Securities worth $4B.
WAMPQ and WAMKQ Preferred stock were NEVER backed by any assets and this fact was stated quite clearly in their Prospectus documents.
We also know, for a fact, that JPM received that $4B in assets upon their purchase WMB, as per the Exchange Event provision of the REITS offering.
Unless REITS holders are still eligible to receive contractual distributions from those JPM owned assets, Class 19 gets nothing IMO!
To date there has been no indication or evidence proving this is the case and as such these claims are nothing more than baseless theories.
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