Mr Cooper Group Inc (COOP)

[ron_66271]

There are no material assets of the Trust.

PDF 15/17;

"18. Other than as reported in its Quarterly Summary Reports and/or filings with the U.S. Securities and Exchange Commission, is the Trust holding any assets that are “Off-Book”, “Safe Harbor Assets” (e.g., “Washington Mutual Capital Trust 2001”, “Posit”, or “Retained Earnings) or other assets?

There are no material assets of the Trust other than those that have previously been disclosed and no assets are “hidden” or “unreported”. The Trust submits unaudited financial statements to the Bankruptcy Court under penalty of perjury. Likewise, such financial statements (and other information) are filed with the U.S. Securities and Exchange Commission under Forms 8-K and 10-K and under applicable laws and regulations, the Trust is obligated to ensure that such filings do not either omit material information or include materially false or misleading information.

Management of the Trust is aware that certain individuals who have an interest in the operations of the Trust (e.g., legacy shareholders who do not yet hold and may never hold an LTI) have suggested that the Trust is hiding assets or is entitled to value from the Washington Mutual Bank receivership. Such suggestions are inaccurate: the Trust’s financial statements disclose all of the Trust’s material assets. Additional information regarding the Trust’s assets as of the Effective Date can be found in the Global Settlement Agreement and Confirmation Order. We also refer you to the 2017 Form 10-K and 12/31/18 QSR."


Doc says Material Assets, not Assets.

Material Assets;
Just means that the assets has not been Inventoried and on the Books at the time of reporting. Not on the Books at this time as a material asset. The asset has not 'materialized' as inventory, yet. The WMILT made a true statement currently.

Searched; assets vs material assets;
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Searched; Difference between assets and material assets
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