Mr Cooper Group Inc (COOP)

[ReikoBlack]

Not correct. 18 million annually at a rate of 3%, $4.5 million quarterly.

Pg. 6
"SECTION 3. Regular Dividends . (a) Holders of shares of outstanding Series B Preferred Stock shall be entitled to receive, when, as and if declared by the Board of Directors, out of funds of the Corporation lawfully available for payment, cumulative regular dividends at an annual rate of 3.00% of the Liquidation Preference per share of Series B Preferred Stock, payable quarterly on each Regular Dividend Payment Date, in cash (subject to Section 5(c) below) (the “Regular Dividends”). "


https://www.sec.gov/Archives/edgar/data/933136/000119312515001790/d845621dex31.htm

we pay about $20M each quater to KKR for the 600M preferred B series and they might have to return that money because they have been so incompetent as to not acquire anything. We just been paying royalties what a joke!!