Mr Cooper Group Inc (COOP)

[JusticeWillWin]

iPrelude, here is the math for the 2015 distribution

What I can say is the factor 0.007 (1,400,000 distributed shares according to the current PR divided by 201,000,000 outstanding shares, don't know who came up with that!) seems to be wrong.

I have Ps and Qs and received exactly 1.04% = 0.0104 of my initial(!) 2012 distribution of WMIH shares (for Ps and Qs together. I have no Ks).

If you add the total share numbers in the table in your link

http://www.wmitrust.com/wmitrust/document/8817600120730000000000001

that sums up to only 185.3 million shares (instead of 201 million), which means 15 million of the total outstanding shares are not listed there (these missing 15 million seem to be the trust reserve according to the POR)

For the calculation of the current 2015 distribution it seems that the 73.8 million REIT Series were not included in the distribution.

So the approximately 1.4 million shares that were distributed in 2015 must be divided by 126.5 million (the above 185.3 - 73.8 REITs + 15) which is approximately the factor I received

1,400,000 / 126,500,000 = 0.011 (I received 0.0104 of my initial distribution, but the shares were rounded to whole shares)

That seems to be the math.

As you've said, the Ps received less shares than I've expected, but in the second distribution of 2012 the Ps received no shares at all, only the Qs received a distribution, so I think you cannot assume that the original distribution key has been used!

It was rather a "linear" distribution to the 126.5 million shares IMO

But I do not know why the REITs were excluded. Can anybody chime in?

I hope that helps...