Mr Cooper Group Inc (COOP)

[ReikoBlack]

There will not be another payment from KKR to WMIH when the conversion of their Series A Preferred to Common Shares happens. This is not like how it would be with Warrants.

If KKR is converting their “A” series Preferred for common shares at negotiated price of $1.10 it should give the company about $11,072,191 as KKR’s 1 million series “A” give them rights to convert to 10,065,629 shares of common.