Mr Cooper Group Inc (COOP)

[ReikoBlack]

From the WMIH Conference Call and Webcast March 21,2017
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29:20
Leon “Lee” Cooperman – Omega Advisor

Q: What is the drop dead date where the Preferred could have the right to get back it’s money if no transaction is effectuated?

A: The redemption date for the Preferred is January 5th of 2018, and it does have a provision that if we have actually executed an acquisition agreement there’s a 6 month extension provision in that.
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Yes,the redemption of the Preferred can be extended for another 6 months beyond Jan 5 2018 but, only if, prior to the Redemption Date, an Acquisition agreement has been announced.

Not true.

Leon cooperman asked for the redemption of preferreds in the last shm and was answered by the ceo stating that they can extend it for another 6 months beyond Jan 2018.