Mr Cooper Group Inc fka COOP

[Large Green]

RajuSondh1, On 9/26/2008, WaMu filed bankruptcy and from that time until around the first part of February, 2012 the stock continued to trade as WAMUQ (old common), WAMKQ (Old $25.00 FA), WAMPQ (Old $1000.00 FA) and Piers (Old WAHUQ) which did not receive NewCo/WMIH shares or Escrow ShareMarkers in the exchange as the others did.

Those investors who wanted to participate in the reorganization, were encouraged to sign/return timely releases by Equity Counsel SG. This before the deadline to exchange which was the latter part of February/2012, which initiated the last Ownership Change with ALL former prospectuses cancelled along with ALL and ANY associated documents with the ED of 3/19/2012.

Then on 3/19/2012, which is legally called the (ED) Effective date, an investor who invested in former WaMu Equity which were WAMUQs, WAMPQs or WAMKQs received NewCo/WMIH shares and Escrow ShareMarkers in their accounts.

The Escrow ShareMarkers represent EXACTLY the number of old shares you had in your account and were treated accordingly to the 75/25 math formula that accompanied your paperwork and elections that I believe came out late Jan/2012 to early part of February/2012.

I will list the official exchange numbers from SG Edgar Sargent below.

_______________________________________________

From: Edgar G. Sargent [mailto:[e-mail]]
Sent: Thursday, March 22, 2012 4:36 PM
To:
Subject: RE: Wamu


142,500,000 (75% of 190,000,000) are distributed to holders of preferred securities as well as claims subordinated to the level of preferred. Total disputed claims at the preferred level are $106,514,585.09. For those claims, 2,109,051 shares are reserved. The remaining 140,390,949 are distributed evenly by liquidation preference across the $7.5 billion of preferred shares. However, while the TPS are denominated in 1,000s, the Series K has a face amount per share of $25.

For the TPS, 3,729,658.260 shares provided releases and will receive 73,849,406 shares or 19.80058 new shares per old share. This share count is after giving effect to the mandatory exchange.

For Series R, 2,906,421 shares provided releases and will receive 57,548,829 or 19.8005825 new shares per old share.

For Series K, 18,166,565 shares provided releases and will receive 8,992,714 shares or 0.4950146 new shares per old share.

For the common shareholders, they are receiving 47,500,000 shares of which 4,165,750 shares go to the Dime Warrant holders, 2,631,933 shares are reserved for disputed equity claims, 693,806 shares will be distributed to Principal Financial on account of their claims and existing common will get 40,008,511 shares. For each share of existing common granting releases in the total amount of 1,194,340,178 shares, they will receive 0.03349842 shares.

Because no fractional shares are being issued, the percentages for each holder may vary due to rounding. I’m not sure what you are using this information for, but that’s an important point for holders.

Hope this gets you what you need. I'm out until tomorrow so if you have any follow up I will probably respond then.

Edgar