Mr Cooper Group Inc (COOP)

[Evintos]

That 1.12 doesn't include current O/S for WMIH or Series B mandatory conversion. If you add those two, it will be roughy 1.7-1.8B

The problem with trying to figure out the final O/S will be the amount of NSM (both Fortress and non-Fortress holders) electing to receive shares.

Assumes 87.4 million shares converted to WMIH at a ratio of 1:12.7793 = 1.117B shares (rounded up to 1.12B)

+ 206M shares currently o/s (WMIH)
+ approximately 450M Series B converted

This is assuming 50% Fortress Cash + 50% Fortress shares + 100% Non-Fortress shares

Final: roughly 1.7-1.8B outstanding.

Should the NSM side elect less shares and more cash, the 1.117B will be lower.