Mr Cooper Group Inc (COOP)

[hotmeat]

WMIH did not cancel WMI Equity....the Debtors did and put it in plain english in the POR. WMIH is not WMI but a newco that emerged with assets granted in the POR (WMMRC + WMIIC's Equity interests). APR was eliminated to allow for the renegotiated distribution of assets (post# 511366). Read below carefully...may be traumatic to ""the experienced""...that's always wrong!







POR7...PGS 59-60


Quote: "23.3 Cancellation of Preferred Equity Interests: Notwithstanding the provisions of Section 23.1 hereof, on the Effective Date, all non-REIT Series Preferred Equity Interests shall be deemed extinguished and the certificates and "ALL" other documents representing such Equity Interests shall be deemed cancelled and of no force and effect".



Quote: "25.2 Cancellation of Common Equity Interests: Notwithstanding the provisions of Section 25.1 hereof, on the Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and "ALL" other documents representing such Equity Interests shall be deemed cancelled and of no force and effect".