Replies to post #27353 on Washington Mutual Preferred fka WAMPQ

[Lawrence 147]

Neither the Borrower nor you if it is your share that was borrowed; have voting rights; the buyer of that shorted share has the right to vote if it is on the books EOD on the cutoff date. There can be only one vote per share. Catz point is that you allowed your share to be borrowed and the seller has sold so who gets the vote? Of course they buyer.

[steved_45]

He later corrected himself if you follow the thread. A person holding a share short DOES NOT have the right to vote (they are just borrowing it and don't own it). Think about the major conflict of interest that would occur--Short sellers would vote to remove the BOD and put in the companies janitors.