TITLE

WaMu Converts Preferred Shares

PUB. DATE
July 2008
SOURCE
National Mortgage News;7/14/2008, Vol. 32 Issue 40, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Washington Mutual Inc. based in Washington has converted its preferred shares on June 30, 2008. The company has converted its Series S and Series T contingent convertible perpetual non-cumulative preferred stock into common stock. The conversion occurred following the approval by shareholders of the two proposals put forth by the company at its recent special meeting to deal with the company' $7.2 billion equity investment.
ACCESSION #
33374436

 

Related Articles

  • Characteristics of firms that issue convertible debt versus convertible preferred stock. Lee, Hei Wai; Figlewicz, Raymond E. // Quarterly Review of Economics & Finance;Winter99, Vol. 39 Issue 4, p547 

    This study examines the characteristics of firms that issue convertible debt versus firms that issue convertible preferred stock. The findings are consistent with the agency, information asymmetry, optimal capital structure, financial distress, and tax benefits hypotheses. The findings also...

  • Financings roundup.  // Diagnostics & Imaging Week;9/20/2007, Vol. 10 Issue 38, p2 

    The article reports on the completion of the Series A convertible preferred stock financing of ThromboVision, a provider of diagnostic and medical care equipment. The company has raised $4 million in the round of financing led by private equity firm National Healthcare Services. The financing...

  • OPKO to raise nearly $30M in private placement of stock.  // Medical Device Daily;9/23/2009, Vol. 13 Issue 183, p9 

    The article reports that definitive agreements have been entered into by OPKO Health for 30 million U.S. dollars in a private placement transaction. Under the transaction, almost 1.2 million shares of an 8.0% Series D cumulative convertible preferred stock and warrants will be released by the...

  • Financings roundup.  // Medical Device Daily;9/23/2009, Vol. 13 Issue 183, p9 

    The article reports that 300 million U.S. dollars worth of mandatory convertible preferred stock are being sold by Tenet Healthcare. Underwriters will be provided by the company a 30-day option to purchase up to 15 percent more of the number of mandatory convertible preferred stock from the...

  • MBIA TO ISSUE $750M IN COMMON STOCK. Campbell, Dakin // Bond Buyer;2/7/2008, Vol. 363 Issue 32811, p1 

    The article reports on the issuance of $750 million in common stock by MBIA Inc. in the U.S. According to MBIA Insurance Corp.,the effort is to raise the capital cushion the company needs to maintain the triple-A ratings at its financial guarantor. Warburg Pincus LP, a private equity firm, will...

  • Conseco's Latest Game Plan. Burns, Mairin // Investment Dealers' Digest;9/15/2003, Vol. 69 Issue 35, p9 

    Reports on the emergence of Conseco Inc. from bankruptcy. Worth of the company's convertible preferred stocks that converts to equity; Role of the Conseco' management headed by Glenn Hilliard in eliminating the outstanding debt with new debt issuance or with cheaper equity; Sale of its...

  • Financings roundup.  // Medical Device Daily;7/30/2008, Vol. 12 Issue 146, p2 

    The article reports that PSS World Medical based in Jacksonville, Florida will offer about $200 million aggregate principal amount of convertible senior notes through offerings to qualified institutional buyers. The notes will be convertible into cash. The company said it expects to grant the...

  • convertibles.  // Bloomsbury Business Library - Business & Management Dictionary;2007, p1919 

    A definition of the term convertibles is presented. It refers to corporate bonds or preferred stocks which can be converted into common stock at a set price on set dates.

  • convertible security.  // Bloomsbury Business Library - Business & Management Dictionary;2007, p1920 

    A definition of the term convertible security is presented. It refers to a convertible bond, warrant or share of preferred stock.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics