Mr Cooper Group Inc (COOP)

[JusticeWillWin]

That's not correct, post-merger KKR is far away form the 42.5% maximum ownership of WMIH, except they bought/added additional shares in the open market.

Look at page 10: https://www.sec.gov/Archives/edgar/data/1520566/000119312518072479/d492124dex991.htm

The 600,000 Series B. convert to 444.4 million commons and 11.4 Series B special distribution and 21.4 Series B annual dividend = 444.4 + 11.4 + 21.4 = 477,2

KKR has exactly 1/3 (=200,000) of the Series B. 2/3 or 400,000 were sold through Citi to other investors lika Appaloosa, so KKR's Series B convert to 159 million commons!

Then 10 million commons from their Series A and 21,197,619 (instead of the 61.4 million from their warrants, which they agreed they will not exercise, see section "Warrant Exchange Agreement: http://investors.nationstarholdings.com/Cache/392195835.pdf).

159 mln. + 10 mln. + 21.2 mln. = 190.2 mln. for KKR post-merger

Total outstanding shares post-merger (also on page 10): 1,117 mln.

==> KKR's WMIH ownership post-merger: 190.2 / 1,117 = 17.0%

...far away from their allowed 42.5%, except they bought/added additional shares in the open market, but there was no filing...

The reward for KKR's investment will be their eventual ownership of 42.5 % of the merged company. They are already at their maximum allowable ownership stake so investing more would not result in any additional benefits. I'm not sure what the exact terms of the financing deal is.