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|Washington Mutual Premium Income Equity Securities Settled Today|
SEATTLE--(BUSINESS WIRE)--Aug. 16, 2002--Washington Mutual, Inc. (NYSE:WM) today announced that Washington Mutual Premium Income Equity Securities (PIES) (NYSE:XWM) settled on Aug. 16, 2002.
Holders of the PIES received 2.1704 shares of WM common stock and
In the remarketing of the underlying Washington Mutual Series H preferred stock, Washington Mutual was the lowest bidder for the reset dividend rate and repurchased the Series H at $50.25 per share.
With a history dating back to 1889, Washington Mutual is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At June 30, 2002, Washington Mutual and its subsidiaries had assets of $261.28 billion. Washington Mutual currently operates more than 2,500 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's press releases are available at www.wamu.com.