Mr Cooper Group Inc (COOP)

[ron_66271]

Correct, COMMONS are the Owners of the Estate.

The Preferred Class 19 have a Claim against the Debtor's Estate. That Claim is to be satisfied by the WMI Preferred Offering and their Supporting Trusts’.

PREFERREDS will receive more than just face plus interest from WMI Preferred Offering and their Supporting Trusts’ because that is their property. The WMI Preferred Offering and their Supporting Trusts’ was over funded by $10B - $13B than the original $4B offering. Preferred are equity, but where never converted into Commons, to become Owners of the Estate.

Do the Commons share in the Preferreds property?
P's and K's are a secondary offering of WMI Preferred Funding.


JPM paid back the $4B from the "Conversion Event" in the 363 Sale.


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