Mr Cooper Group Inc (COOP)

[ReikoBlack]

ADDED - Pg. 9-10

SECTION 6. Mandatory Redemption. (a) Except as described in Section 6(b), the Corporation shall be required to redeem all outstanding shares of the Series B Preferred Stock


(including unconverted shares of the Series B Preferred Stock remaining after any Mandatory Conversion, including Unconverted Shares), if any, unless such shares of the Series B Preferred Stock have been previously repurchased at the option of the Holder pursuant to a Put Event or mandatorily converted (including in a Partial Conversion), on the third anniversary of the Issue Date (the “Mandatory Redemption Date”), out of funds lawfully available for payment, at a price equal to $1,000 per share of the Series B Preferred Stock, plus an amount equal to accrued and unpaid dividends, if any, whether or not declared (the “Mandatory Redemption Price”).

(b) If, prior to the Mandatory Redemption Date, the Corporation has publicly announced that it has entered into a definitive agreement for an Acquisition, the Mandatory Redemption Date shall be extended to the earlier to occur of:

(i) July 5, 2018; and

(ii) the day immediately following (x) the date such definitive agreement is terminated or (y) the date such Acquisition is closed.

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

From the WMIH Conference Call and Webcast March 21,2017
==================================================================
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.
==================================================================


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.