Mr Cooper Group Inc (COOP): Anyone care to indulge why JP Morgan is...

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tanjazielman

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Monday, 02/29/2016 10:48:00 AM

Monday, February 29, 2016 10:48:00 AM

Anyone care to indulge why JP Morgan is raising $125 billion dollars? Even for their stature, that is a BIG amount

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001193125-16-475767.txt&FilePath=%5C2016%5C02%5C24%5C&CoName=JPMORGAN+CHASE+&+CO&FormType=S-3&RcvdDate=2%2F24%2F2016&pdf

Page 10

"USE OF PROCEEDS

Unless otherwise described in the applicable prospectus supplement, we will use the net proceeds we receive from the sale of the securities offered by this prospectus and the applicable prospectus supplement for general corporate purposes. General corporate purposes may include the repayment of debt, investments in or extensions of credit to our subsidiaries, redemption of our securities or the financing of possible acquisitions or business expansion. We may invest the net proceeds temporarily or apply them to repay debt until we are ready to use them for their stated purpose."