Mr Cooper Group Inc (COOP)

[hotmeat]

If the distributions of SH assets are via the WMILT we will have to be issued LTI's to receive that cash, so says the LT, not me.

If we are to receive distributions from some 3rd party, eg the DTC, DST, Legacy Trust etc I cannot say for sure.

What I do know is those distributions will not follow the pre Bk structure where Prefs see face and Commons get the rest.

Those provisions were voided as of March 19th, 2012 by the POR and is equivalent to the cancellation of a contract.

What I do know is that our "Releases" meant that we agreed to the terms of POR 7 which states how Preferred and Commons are treated.

POR 7 DOES NOT state that Preferred will receive only FV ($1000/$25) with Commons then receiving the balance of the estate.