Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Well, I'm GOOD Either Way ~

(I own a lot of everything, WaMu)

However, ... The amount of the return as stated in the amended K' Series Prospectus' ... WAS NOT' ... what I found to be the most important and relevant' issue' ...

AS STATED: ... "$25 per depositary share plus declared and unpaid dividends,"

... and as stated in the text, the dividend' is roughly in the neighborhood of 4% annual, or a buck per share X's roughly nine years' (ish') ... whatever', IDC ... lets just say $25.00 plus interest ...

... WHAT ? I Found to be relevant was the DATE ASSOCIATION of the amended K' Series prospectus' ... "on or after 9/15/2011" ...

... (On September 13, 2011, Judge Mary Walrath of the United States Bankruptcy Court for the. District of Delaware', opinion denying confirmation of the modified proposed plan of reorganization of Washington. Mutual) ...

September 15th 2011' was around the same time (2 days later), that Judge Walrath had submitted her September Opinion', ... denying Plan 6 for the second time, and ORDERING a MEDIATED RESULT' ...

Process and Time relevant sequencing have always been my thang' ... I don't "nickel and dime" or' argue about the numbers' ... IMO ? the numbers ? they' are all huge' ... The AMENDED TEXT IS' What is important, ...

Washington Mutual, Depositary Shares each representing a 1/40,000th Interest in a Share of Series K Perpetual Non-Cumulative Floating Rate Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/15/2011 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative floating rate distributions are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the first day of the month is which the payment is due. The floating rate distributions will be paid at a rate equal to the greater of the 3-Month LIBOR plus 0.70%, or 4.00%. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-28 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Oh Yeah, and Before anyone gets all bound up ? ... I DID NOT Write ? or submit any of these documents' ... I just took the time to actually read them' ... and again, I am always considering possibilities for my own investments' ... it's called Due Diligence'...


AZ