Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

DEFINITION of Escrowed Shares

Escrowed shares are shares held in an escrow account, secured by a third party, pending completion of a corporate action or elapse of a time period leading to an event. Shares are escrowed in three common cases: merger and acquisition transactions; bankruptcy or reorganization of a company; and granting of restricted shares to an employee of a firm


A bankruptcy or reorganization during which a company's shares are suspended from trading pending the resolution of the corporate action. In this case, a shareholder's holding will be converted to escrow shares and then converted back to their original form if any equity remains in the company after the completion of the bankruptcy or reorganization process.


So in our case The markers are class specific? The DTC and (cuspds) are specific So as if one is to believe the LTI argument once WMI went into WMIH it should have been poof OR if you are in the other camp they are class specific which means if the TRUST are used to refuel Coop the new CO then yes those Markers will be reimbursed their APPROPRIATED VALUE.

Regards,
B