Mr Cooper Group Inc (COOP)

[JusticeWillWin]

For AZ and ron with reference to dividends

From the Series B agreement: https://www.sec.gov/Archives/edgar/data/933136/000119312515001790/d845621dex31.htm

(c) So long as any share of Series B Preferred Stock remains outstanding:
(i) no dividend or distribution shall be declared or paid on the Common Stock or any other shares of Junior Stock, except dividends payable solely in shares of Common Stock;
(ii) no dividend or distribution shall be declared or paid on Parity Stock, except as set forth in this Section 3(c); and
(iii) no Common Stock, Junior Stock or Parity Stock shall be, directly or indirectly, purchased, redeemed or otherwise acquired for consideration by the Corporation or any of its Subsidiaries

I cannot believe there will be other dividend distributions than the divividends for Series B or any kind of redemption of old WMI Series K and such things...

Your post:

Another Set of Outstanding Posts AZ.

Hint; Unrestricted Cash. Were did that come from?

Hopefully we see New WMIH Preferred Shares in our Brokerage Accounts next week before December 1st for us to be a holders of record as they appear on the stock books of the Company to receive a December 15th REITs Dividend Distribution, and are 'Perpetual'. Think; Distribution of the Profits.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136424054

P's, K's, and TPS will all be Happy with a December 15th REITs Dividend Distribution. This is NOT a 75/25% Dist to UQ's.


The 23rd, 24th, and 25th of each Month are normal ABS Trust Distribution Dates. Hopefully DTCC has a Distribution coming to UQ Escrow Tracking Markers holders, and like the REITs are 'Perpetual'. This is NOT a 75/25% Dist to Preferred.


The RE/DCR of $20.7B + interest = ~$30B from the FEB-MOR is a 75/25% Distribution to both Preferred and UQ, IMO.


"the Final Payment" for "WMB and it's assets" is due before EOY-2017. From Court Testimony by James Careon of A&M, the latest the Capital Loss vs. Capital Gain could be 'booked' is December 17th. December 17th is a Sunday. "the Final Payment" for "WMB and it's assets" Distribution would be coming to UQ Escrow Tracking Markers holders. This is NOT a 75/25% Dist to Preferred.

and other stuff.

HLCE to All,
Ron