Mr Cooper Group Inc (COOP)

[distrojunky]

Soundincrest,

GO4AWILDRIDE is definitely right, there is no cap for Preferred and Common shares, the 75%/25% split determines how much is available.

Approximately $10B will give par to preferred and due to the 75%/25% split, $2.5B will be there for common shares. So with about 1.1B common shares released, the return for commons shares would be (2.5/1.1), about $2.27 per share. Of course this ratio can be used for any amount returned from WMILT.

distro.