Mr Cooper Group Inc (COOP)

[etzetrade]

I think probably looking from two different angles.

1) Assume LT has extra new shares available. LT will give you the same ratio of shares as LT gave you before. Since LT have already calculated your ratio based on all four, p, k, q, dimeq (or what you have) stocks you had before then converting to new shares.

2) Since your accounts still have the same share number per old shares, such p, k, q, that are your escrow except dimeq. Then LT will give you cash rather than share based on the exact number you have as your original numbers. Assume LT has 1B coming in. Then LT will figure out based on 75/25 ratio rule to start with, For examples, common gets 2.5B, and all other preferred shares 7.5B. Once separate common and preferreds, then LT will divide by total number of escrow number for preferreds, and common to determine how much cash per category per share. It's easy to calculate common, because you will get whatever based on the number of common shares you have.

As regards preferreds, 40% goes to TPS ( i.e. 0.4B), 30% goes to p( i.e. 0.3B) , and 5% goes to k ( i.e. 0.5B).