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climberprof

11/30/08 1:20 AM

#44213 RE: jackson227 #44209


Jackson,

WMI's pref. stocks, WAMKQ and WAMPQ are NON-cumilative.

That means WMI does not have to pay the accumulated (or missed) dividends.

What are the gray areas about the WAMPQ, possibility to convert it to WAMUQ for 1 to 114 ratio? Anything else?

Climber
Best