WaMu Converts Preferred Shares

July 2008
National Mortgage News;7/14/2008, Vol. 32 Issue 40, p11
Trade Publication
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.


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