Remember that these are notes that were a partial payment of your liquidating trust interest (LTI).
We still have about $2.30 owed to us per LTI (accumulating interest at what 1% or some insubstantial amount) by the trust - this is the amount we want paid back sooner than later and for those with other share classes waiting for equity payment you want this amount paid in full. This will be paid by tax refunds, released funds held for employee claims or any other source not currently accounted for on trust quarterly statement.
The tiny payment we just received a week or two ago was a partial redemption of the notes held by WMIH. These notes pay us 13% interest and WMIH has been slowly working on redeeming them as the reinsurance business generates enough free cash. These are an obligation of the reinsurance business only - sub of WMIH - and since it is non-recourse to WMIH will only be redeemed via the free cash generated from run-off reinsurance business.
This post is my own opinion, and should not be relied on for your investment decisions.
