E. Cancellation of LTIs and Escrow Markers/Escrow CUSIPs
61. With the final distribution being made to holders of Allowed Claims within Class
18, all Liquidating Trust Interests which were issued pursuant to the Plan to holders of Allowed
Claims or reserved on account of holders of Disputed Claims, and subsequently transferred to
holders of Allowed Claims as payments flowed down and in accordance with the Bankruptcy
Court-approved Plan and waterfall, will have been satisfied and there will be no remaining
beneficiaries of the Trust other than potential charitable organizations. To the extent that

“escrow markers/escrow CUSIPs” have been administratively issued for tracking purposes,
WMILT submits that cancellation thereof is appropriate in order to avoid inconsistency and
misunderstanding in the marketplace. WMILT submits that such cancellation of escrow
markers/escrow CUSIPs will not prejudice any party as no additional distributions will be made.

Note 3: Motion to Close Chapter 11 Cases

"The chapter 11 cases of the Debtors are substantially complete with all assets having been marshalled and all claims resolved. The only material pending action includes collecting the B&O Tax Receivable (See Note 6) and initiating final distributions to relevant beneficiaries of the Trust. The Trust intends to file an application with the Bankruptcy Court to close the chapter 11 cases of the Debtors in November 2019, with a hearing date scheduled for December 19, 2019, which date may be subject to change.

Shortly after the Court enters the order to close the chapter 11 cases, the Trust intends to make one final cash distribution to holders of Class 18 Allowed Claims (See Note 5), and redistribute shares in the Disputed Equity Escrow (See Note 7). Any outstanding LTIs and escrow markers will be canceled.

Subsequent to the Bankruptcy Court approving the closure of the chapter 11 cases, the Trust will remain open for a period of time in order to wind-up its operations. Following a final distribution of cash to relevant beneficiaries of the Trust, no additional distributions (of cash or equity in Reorganized WMI) will be made. As provided for in the Plan and Liquidating Trust Agreement, any funds remaining on hand immediately prior to the dissolution of the Trust will be donated to one or more charitable organizations.
It should be noted that the actual timing associated with all of the foregoing actions may be subject to change due to many factors, including, but not limited to a delay by the Bankruptcy Court approving the closure of the chapter 11 cases, tax audits, delays in collecting the B&O tax refund (See Note 6), and/or the refiling of a prior disputed claim."

"As provided for in the Plan and Liquidating Trust Agreement, any funds remaining on hand immediately prior to the dissolution of the Trust will be donated to one or more charitable organizations."

The 54-year-old has worked with embattled businesses before, overseeing the integration of Washington Mutual into JPMorgan Chase, which rescued the smaller bank at the height of the 2008 financial crisis. WaMu, as the lender branded itself, had $35 billion or more in losses, at the time Scharf told the alumni magazine of New York University's Stern business school in a 2009 article.

Note 6

... The shares and any cash that may be distributed on
behalf of the shares are held in a separate escrow account that is not recorded as an asset of the Trust...

Posit+

Why ask for something to be approved if it was legit?

others that the WMILT oversees as events

~The 75/25 ratios of return, Are Limited To A RE-Distribution

TPS Solicitation to the Court

59. With the determinations reached in the Declaratory Judgment Action, and, in the event that the Court grants the relief requested herein deeming the Claims disallowed and authorizing the release of assets in the Disputed Claims Reserve, upon such order becoming final and assets being distributed, WMILT would agree to the dismissal of the Adversary Proceedings with prejudice. WMILT submits that such action would be a fair and reasonable result and preserve the Debtors’ assets for distribution to others. Equally important, the dismissal of such litigations would remove the remaining actions in the Debtor’s chapter 11 cases and permit the closing of these cases.

... If' ? Anything At All Gets Allowed' ?, These recovery returns are limited to Bankruptcy Rule 502, ... However, ...

6. Except with respect to the Surviving Claims, WMILT is authorized to release and distribute such Cash and Liquidating Trust Interests held in the Disputed Claims Reserve on behalf of the Claims in accordance with the provisions of the Plan.

NOTE 7: Based on the Court’s October 16, 2018 ruling, the previously entered scheduling orders for the employee claims litigation have been rendered moot.

mortgage finance has the highest P/E at 32.17, while the lowest at this time is the mortgage REITs sector at 7.11.

Read more: What is the average P/E ratio in the financial sector? | Investopedia https://www.investopedia.com/ask/answers/032315/what-average-pricetoearnings-ratio-financial-services-sector.asp#ixzz5V2p16cdi
Follow us: Investopedia on Facebook

Wedbush also issued estimates for WMIH’s Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $2.22 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.73 EPS, Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $1.01 EPS, FY2019 earnings at $3.28 EPS and FY2020 earnings at $3.78 EPS.