Mr Cooper Group Inc (COOP)

[ron_66271]

RePerpetuallize the Series R, TPS Preferred Escrows.

7.75% Series R Non-Cumulative Perpetual Convertible Preferred Stock

RePerpetuallize! March first is the ShareHolder of Record date for March fifteenth Dividend date for Series R [P's]. The same date probably holds true for the converted TPS shares. IMO, I'm expecting release of new Preferred Shares for P's and TPS for old shares, and cash redemption for the K's.

With News fast approaching due to February ABS Cash Distributions as announced on February 14th, and NSM Conference Call on March first. IMO, this would be a perfect time to RePerpetuallize Preferred Shares with additional ABS Trusts created with NSM.


Thanks AZ.

Just like the WMB Covered Notes, these Preferred shares offerings are also backed by Trusts. Only the K's are a secondary offering.

Perpetual,

BELOW IN RED, ARE The Original WMB TPS Security’s That went through the actual “Exchange Event” ... converted to a parent corp, WMI Preferred series Security, pari-pass, with the R series ...

(i) Washington Mutual Preferred (Cayman) I Ltd. 7.25% Perpetual Non-cumulative Preferred Securities, Series A-1

(ii) Washington Mutual Preferred (Cayman) I Ltd. 7.25% Perpetual Non-cumulative Preferred Securities, Series A-2

(iii) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Trust Securities I

(iv) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Trust Securities II

(v) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Trust Securities III

(vi) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Trust Securities IV

===================================

BELOW, ARE The Original WMI Preferred Security’s;

(vii) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Preferred Securities, Series 2006-A

(viii) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Preferred Securities, Series 2006-B

(iX) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Preferred Securities, Series 2006-C

(x) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Preferred Securities, Series 2007-A

(xi) Washington Mutual Preferred Funding LLC Fixed-To-Floating Rate Perpetual Non-cumulative Preferred Securities, Series 2007-B