Thanks AZ. So...
for me to receive a Distribution from the Perpetual Non-cumulative Trust Securities, I must be a Holders of shares of Series Preferred Stock, and Each dividend will be payable to holders of record as they appear on the stock books of the Company on the first day of the month in which the relevant Dividend Payment Date occurs...
Currently I only have "Escrow Tracking Markers" in my Brokerage Account. Therefore IMO, WMIH would need to place New WMIH Preferred Shares into my account before December 1st for me to be a holders of record as they appear on the stock books of the Company to receive a December 15th Dividend Distribution.
IMO, The K's will probably be redeemed for cash as driven by the K's prospectus.
Only Series R, the P's, and the TPS will receive New WMIH Preferred Shares.
Note; No 75/25 here.
HLCE,
Ron