Replies to post #32430 on Washington Mutual Preferred fka WAMPQ

[HROLLER]

I'm not sure.

[utvolsfan13]

If you do not return a ballot, your shares won't be counted either way toward a "yes" or a "no" for the plan. Your shares will remain unlocked and tradeable as you did not make an election on the releases. Should the plan be confirmed, you will have 1 year from the effective date to elect to either a) grant the releases and receive your due distribution (whatever that ends up being) or b) deny the releases, not receive your distribution, but retain the right to sue.


From the cover page in the voting packet:

IF YOU FAIL TO COMPLETE AND RETURN THIS BALLOT, YOU WILL NOT BE ELIGIBLE TO RECEIVE A DISTRIBUTION PURSUANT TO THE MODIFIED PLAN ON THE EFFECTIVE DATE AND WILL NOT RECEIVE ANY DISTRIBUTION THEREAFTER UNLESS AND UNTIL YOU GRANT THE RELEASES WITHIN ONE YEAR OF THE EFFECTIVE DATE.