Mr Cooper Group Inc (COOP)

[goldcanyon341]

The REIT Trust Preferred had a total value of $4.0 billion of which the TPS Consortium owned $1.54 billion. The Preferred Class has a total "book value" of $3 billion(WAMPQ) + $500 million (WAMKQ) +
$4 billion (REIT Pfd) = $7.5 billion. The Preferred Class is entitled to 75% of any escrow payments, while the common is entitled to receive 25%.

In summary, the Trust escrow shares would have to receive $10 billion total for the Preferred ($7.5 billion)to be made whole. $2.5 billion of this $10 billion would go to the common. $2.5 billion / 1.7 billion common shares = $1.47.

All of this is based upon a $10 billion recovery, which is completely hypothetical. Not impossible, just hypothetical!

The TPS Consortium is comprised of holders of interests (as set forth more fully in theVerified Fourth Amended Statement of Brown Rudnick LLP and Campbell & LevineLLC [Docket No. 7916], as such may be amended) proposed by the Debtors to be treatedunder Class 19 of the Plan [Docket No. 6696]
–
described in the Plan and DisclosureStatement as the
“
REIT Series.
” As set forth in the aforementioned Rule 2019 Statement,
members of the TPS Consortium hold, inter alia: (a) approximately $1.54 billion of the Trust Preferred Securities (approximately 38.5% of Class 19); and (b) approximately one million shares of PIERS securities