Mr Cooper Group Inc (COOP)

[writonwater]

I think that the exercise of the warrant is an "opening transaction" not a "closing transaction" and thus it is not a trigger of a taxable event. It would only be upon the sale of the common shares at a higher than acquisition price that taxes would be owed.

I also think that KKR would be most happy to exercise their warrants at a higher not a lower common stock price just as you or I would.

It would only be in the case of the common price rising combined with the warrants being marketable securities that KKR sold at a higher price than their taxable cost that would otherwise produce a taxable event.(I do not think those warrants are tradable but they may be?).....Sam....All imo, I'm not an accountant.