Mr Cooper Group Inc fka COOP

[hotmeat]

A big deal is constantly made of the LT being a "pass thru entity", it's not. All it means is that the LT is not responsible for any taxes to be paid or holding onto any income it receives. It transfers all income it receives and taxes to be paid to the individual owners of the Trust, ie Marker holders.


Pass-Through Entity. What it is: A pass-through entity is a special business structure that is used to reduce the effects of double taxation. Pass-through entities don't pay income taxes at the corporate level. Instead, corporate income is allocated among the owners, and income taxes are only levied at the individual owners' level.



There is no other interpretation of "Converting to Cash"...this could never mean "Converting to Shares". That statement simply does not support your view.