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Article: Wilshire Issues Book Value Data.
- Article from:
- Business Wire
- Article date:
- March 4, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
PORTLAND, Ore.--(BUSINESS WIRE)--March 4, 2002
Wilshire Financial Services Group Inc. (OTCBB:WFSG) today issued supplemental information relating to its February 28, 2002, earnings release. This addendum reports WFSG's fully-diluted book value per share as of December 31, 2001, giving pro-forma effect to the Company's outstanding stock options and approximately $7.7 million in 8% convertible subordinated debentures issued in January and February 2002. The debentures are convertible commencing in July 2002, and the maximum number of shares that may be issued pursuant to their conversion, if certain conditions are met, is 3,396,417.
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