Walter Investment Management Corp (WAC)

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Name Change and NYSE Listing Approval

The Company intends to change its name to Ditech Holding Corporation on the Effective Date. On January 24, 2018, the Company received approval to list on the New York Stock Exchange 4,252,500 shares of new common stock, par value $0.01 per share (“ New Common Stock ”), issuable upon the Effective Date and 27,685,000 shares of New Common Stock reserved for issuance under the Company’s management incentive plan or for issuance upon conversion or exercise of its Series A Warrants, Series B Warrants and Mandatorily Convertible Preferred Stock, upon official notice of issuance. The New Common Stock is expected to trade under the symbol DHCP.

On the Effective Date, the Company expects to issue the following equity and equity-linked securities:



• 4,252,500 shares of New Common Stock;


• 100,000 shares of Mandatorily Convertible Preferred Stock, face amount $1,000, convertible into 11,497,500 shares of New Common Stock;


• 7,245,000 Series A Warrants, exercisable for 7,245,000 shares of New Common Stock; and


• 5,748,750 Series B Warrants, exercisable for 5,748,750 shares of New Common Stock
The Company also will have reserved for issuance 3,193,750 shares of New Common Stock issuable under the Company’s management incentive plan.