Replies to post #15262 on Washington Mutual Preferred fka WAMPQ

[drrugby]

Dan, Face value is nice but.. It is a time value money equation here for the final values to be determined.

K'qs issue date is 9/13/2006
P'qs issue date is 12/12/2007

K'qs redemption date is 9/15/2011
P'qs redemption date is 12/18/2012

Based upon the redemption date vs the time of issue could determine a percentage of PPS face value.

Lets assume Jan 28th is the settlement date..

K's would be 7m and 18 days from redemption.
P's would be 1 year, 10m and 21 days from redemption.

K's potential percentage of Face value ~ 87.5% or $21.875
P's potential percentage of Face value ~ 62.5% or $625.00

Again, K's are the senior preferred stock to P's..

GO WAMU..

DrR..