Mr Cooper Group Inc (COOP)

[hotmeat]

Quote: "Directly from the PQ prospectus (when it "was trading"):"


This is 100% false, Cayman Series were never Series R...the PQ Prospectus shows no such Trusts. What you cited has nothing to do with PQ or KQ...those were the TPS which now belong to JPM, read the POR re "23.2 Cancellation of REIT Series".

Quote: " For the avoidance of doubt, this Section 23.2 shall have no effect on, and shall not result in the extinguishment or cancellation of, the Trust Preferred Securities and, in accordance with the Global Settlement Agreement, JPMC or its designee is the sole legal, equitable and beneficial owner of the Trust Preferred Securities for all purposes."


Again, formerly the supporting assets of the REITS, they never backed the PQ or KQ Preferred stock.