Mr Cooper Group Inc fka COOP

[AZCowboy]

~ Guys, I Believe WMIH-Corp Qualifies As A “REIT” ~

Especially Now, that it has completed the 05/2015’ reincorporation to Delaware, ... along with its current SEC, SIC Code, ... 6199’ Finance Services’ ... not to mention the existing, Preferred Offering REIT Trusts, That I have been posting about’ ...

Believe me, ... IF’ ?, My conclusions are accurate ? ... “divi distribution day” ... (investors payday) ... IS’ truly magnificent ... Yes, beyond WaMu, ... I have had years of being the recipient of, ... REIT series divi’ distributions’ ...

AZ

To qualify as a REIT, a company must have the bulk of its assets and income connected to real estate investment and must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends. In addition to paying out at least 90 percent of its taxable income annually in the form of shareholder dividends, a REIT must:

Be an entity that would be taxable as a corporation but for its REIT status;

Be managed by a board of directors or trustees;

Have shares that are fully transferable;

Have a minimum of 100 shareholders after its first year as a REIT;

Have no more than 50 percent of its shares held by five or fewer individuals during the last half of the taxable year;

Invest at least 75 percent of its total assets in real estate assets and cash;

Derive at least 75 percent of its gross income from real estate related sources, including rents from real property and interest on mortgages financing real property:

Derive at least 95 percent of its gross income from such real estate sources and dividends or interest from any source; and

Have no more than 25 percent of its assets consist of non-qualifying securities or stock in taxable REIT subsidiaries.;