Mr Cooper Group Inc (COOP)

[hotmeat]

Trusts are indeed isolated entities in terms of operations and management. They are not independent in terms of where profits are assigned and ownership of assets upon closure.

They were formed as an income vehicle for another entity. These guidelines would be clearly laid out in their governing documents. The cash generated does not miraculously disappear into thin air.

Also a bankruptcy could have an INDIRECT impact on Trust distributions. In our case, "IF" Commons had been cancelled during the reorganization process. The effect would have been that only Prefs were left to benefit as sole owners of the Estate.