Mr Cooper Group Inc (COOP)

[ReikoBlack]

Speaking of the 2.5%...this is from the 2017 Annual Meeting of Stockholders June 1 (Q & A).

62:31
Frank [omitted]

[Q:] Frank [omitted]. This last question i have for you doesn’t involve the Escrows cause we’re all pretty much Escrow holders, probably, but it does involve the Liquidating Trust. It’s my understanding that i think that we have 2.5% of whatever comes back from the Liquidating Trust, if anything, to WMIH? Is that correct?

[A:] There is the Litigation Proceeds Escrow that the holding company, WMIH Corp, is entitled to receive a portion of that. But, based on my knowledge, there’s no additional entitlement to any proceeds from the Liquidating Trust on the part of WMIH.

[Q:] Let’s say there is? We don’t know for sure how this is going to play out? And, i think it can go as long as 10 years? Which would be September of 2018?

[A:] As we’ve disclosed in our Qs and Ks the arrangements that the Trust entered into in connection with various litigations or…i think there was a settlement with the Ds…the Directors, Officers,…or former Directors and Officers of Washington Mutual. Those litigation proceeds have already been received by WMIH or it’s…the portion it’s entitled. As i’m aware, the Trust has in it’s public filings, it has disclosed that there are not, to it’s knowledge, any additional claims that would result in additional distribution to WMIH…under the terms of the Plan of Reorganization (POR) that was approved by bankruptcy court.

http://event.on24.com/wcc/r/1426640-1/1BE0A3E16CE58C478FA6BA25551CF809

Some in the past have even tried to make 75/22.5/2.5 WMIH, Which failed.