Mr Cooper Group Inc (COOP)

[mordicai]

There will be no liquidating trust assets exchanged for shares in wmih or its subsidiaries . Section 1.6 of the liquidating trust states "In no event shall any of the liquidating trust assets revert to or be distributed to any debtor or reorganized debtor.". Moreover, such an exchange would make the liquidating trust an investment trust subject to trust taxation at rate of 39.6 per cent. The trust is required to liquidate the assets for cash and distribute the cash proceeds to escrow holders. The trustees are capable of doing this themselves imho.


http://www.kccllc.net/documents/8817600/8817600120507000000000001.pdf