RE : Escrow Markers ... Unfortunately, I don’t see any major windfall here to escrow markers from the Interim Dividend Distribution. :(
The only possible distribution to the escrow markers is the reserve 1.5 M WMIH shares.
Using sidedraughts calculator with WMIH @ 1.25 about $1 in value for every 5P’s or 200K’s or 2500 U’s (escrow markers)
Any excess $ in the trust will go to the LTI.
As stated above, the Escrow CUSIPS were established solely to facilitate potential distributions, if any, of shares of
WMIHC common stock. The only source of common stock available for any such a distribution would be from the
1.5 million of shares remaining on deposit in the Disputed Equity Escrow. Specifically, the Escrow CUSIPS do not, in and
of themselves, represent an entitlement to any possible future cash distributions from the Trust, WMIHC or the Federal
Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the
case may be.
In accordance with the Plan, the Trust will issue Liquidating Trust Interests to WMI’s former shareholders if, and only if,
the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of
the Trust who are senior to members of Classes 19 and 22, and then, only if a shareholder had satisfied timely all
conditions applicable to receiving any such Liquidating Trust Interests. There can be no assurances that the Trust will be
able to monetize assets in a manner sufficient to give effect to the foregoing
http://www.kccllc.net/documents/8817600/8817600170531000000000001.pdf
There is NO notable excess in WMI Liquidating Trust for Classes 19 and 22, read the 10K.
http://www.wmitrust.com/wmitrust/document/list/3612
http://www.wmitrust.com/wmitrust/document/list/2897
IMO, Classes 19 and 22 have no recovery coming via the LTI.
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On to WMIH and the Interim Dividend Distribution ...
What about WMMRC ? It was not mentioned in the Informational Notice letter from DB on Feb 14th 2018 - Interim Dividend Distribution
WMIH is the direct parent of WM Mortgage Reinsurance Company, Inc., a Hawaii corporation (“WMMRC”)
This post talks about 6 trust assets in 2009 worth 460 million as part of the WMMRC.
Does anyone know the names or ID's of the 6 trust assets ?
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