Schedule 13E-4 Exhibit (a)(1)
BANKUNITED FINANCIAL CORPORATION
OFFER TO PURCHASE FOR CASH
ANY AND ALL OF ITS OUTSTANDING SHARES OF
9% NONCUMULATIVE PERPETUAL PREFERRED STOCK
AT $10.25 NET PER SHARE
THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M.,
NEW YORK CITY TIME, ON FRIDAY, AUGUST 15, 1997, UNLESS THE OFFER IS
BankUnited Financial Corporation, a Florida corporation (the "Company"), is offering to purchase any and all of
its outstanding shares of 9% Noncumulative Perpetual Preferred Stock (the "Shares"), at $10.25 per Share. net
to the seller in cash, upon the terms and subject to the conditions set forth herein and in the related Letter of
Transmittal (which together constitute the "Offer").
Shares tendered and purchased by the Company will not be entitled to the regular quarterly cash dividend in
respect of any dividend period after June 30, 1997.
THE OFFER IS NOT CONDITIONED UPON ANY MINIMUM NUMBER OF SHARES BEING
TENDERED. THE OFFER IS, HOWEVER, SUBJECT TO CERTAIN OTHER CONDITIONS. SEE
THIS TRANSACTION HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE FAIRNESS OR
MERITS OF SUCH TRANSACTION NOR UPON THE ACCURACY OR ADEQUACY OF THE
INFORMATION CONTAINED IN THIS DOCUMENT. ANY REPRESENTATION TO THE
CONTRARY IS UNLAWFUL.
NEITHER THE COMPANY NOR ANY OF ITS DIRECTORS OR EXECUTIVE OFFICERS MAKES
ANY RECOMMENDATION TO ANY SHAREHOLDER AS TO WHETHER TO TENDER ALL OR
ANY SHARES. EACH SHAREHOLDER MUST MAKE HIS OR HER OWN DECISION AS TO
WHETHER TO TENDER SHARES AND, IF SO, HOW MANY SHARES TO TENDER. DIRECTORS
AND EXECUTIVE OFFICERS OF THE COMPANY AND THEIR AFFILIATES OWN AN
AGGREGATE OF 14,300 SHARES, AND THE COMPANY HAS BEEN ADVISED THAT ALL OF
THESE PERSONS HAVE INDICATED THEIR INTENTION TO TENDER THEIR SHARES PURSUANT
TO THE OFFER.
The Shares trade on the NASDAQ National Market System ("NASDAQ NMS") under the symbol "BKUNO."
As of the close of business on July 14, 1997, the bid pr