Replies to post #38403 on Washington Mutual Preferred fka WAMPQ

[Chiron]

I'm trying to figure out a valuation. But I'm boggled, lol. Let's all try to work on this...

[marayatano]

Correction: After reding it further, P/K are classed in Class 19, unlike the other DS/POR where they will Class 20, a seperate class from REITS.

imo

Oh, I didn't know you were serious! Ha ha. Well, there lies a problem, there was no provision for Class 20, the Class we are in, however, we are suppose to be ranked at the same level with Class 19, with the exception of the $50 million to REITS.

So, if we use that as an indication of what we P/K are going to get, then we would receive a prorated share of the 70% plus "other stuff"... (I have not read the entire thing yet)

... BUT, I would like to see it in print before I relay on the Class 19 verbiage and apply it to Class 20 distribution.

oh... and the anwser to your question about the PPS, it should GAP up!

imo