Replies to post #3661 on Washington Mutual Inc pfd K (fka WAMKQ)

[McChief]

Boy, I hope this holds off till 20 Mar so I get Long term Cap gains as well.

[Land Agent]

Just regular purchase of K's and receiving FACE VALUE but no dividends or interest -- probably FED and STATE taxes will take 50% of FACE VALUE -- leaving just $12.50 for shareholder in many states except TEXAS which has no state tax at all -- and assuming $3.00 per share cost of just a few weeks ago would just leave $9.50 per share TOTAL to shareholder of recent purchases -- not a big profit but about 3 times cost -- RIGHT ??? -- THANKS for yours -- BEST WISHES -- LAND --