Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

DTC How it works Escrow shares

This may help clear up some confusion on the process.


Security Position Reports from The Depository Trust Company (DTC) provide issuers, trustees and authorized third-party agents with valuable information on the position holdings of DTC participants in the issuer’s security as of a specified time period.

Distributions Service Guide 11
ANNOUNCEMENTS
How Announcements Work
• DTC retrieves information on dividend and interest payments from various sources (see Information Sources)
• DTC distributes information electronically in advance of the dividend or interest payable date. This helps you reconcile your records with DTC before the payable date. Event information includes but is not limited to:
o Corporate Action Event ID (CA ID)
o CUSIP number
o Record date
o Ex date
o Payable date
o Due bill redemption date
o DTC position capture date
o Security rate
o Cash rate
• Under the CA ID you will see event level information. Every event has at least one option. Options indicate what is available as an entitlement to eligible holders. Examples of option types include cash, securities or a mix of both. For events offering multiple options, elections can be made. In the case of Distribution events where elections can be made, there will be both a default option and one or more choice options. Within every option there will be at least one payout. A payout should be considered the actual entitlement. Entitlements can include:
• Cash
• Interest
• Securities
• Dividend reinvestment
• Long and short term capital gains
• DTC provides its participants with information pertaining to their event record-date positions through the following delivery mechanisms:
o Corporate Actions Web
o Participant Terminal System (PTS) functions
o Participant Browser Services (PBS)
o Computer to Computer Facilities (CCF) file transmissions
o ISO 20022 Messaging
o SMART/Search
o Important Notices, as necessary (available on our Web site at http://www.dtcc.com/legal/important-notices.aspx

Security Types
DTC announces corporate action events for security types including but not limited to the following:
• American depositary receipts (ADRs)
• Asset-backed securities (ABS)/Mortgage-backed securities (MBS)
• Collateralized mortgage obligations (CMOs)
• Corporate bonds
• Equity issues
• Equity derivatives
• Exchange-traded funds (ETFs)
• Money market instruments (MMIs)
• Municipal bonds
• Municipal variable-rate demand obligations (VRDOs)
• Private placements
• REITS/Partnerships
• Sovereign debt
• Unit investment trusts (UITs)
The following distribution events are covered in the functionality described below:
• Cash dividends (including foreign tax relief, tax reclaim, special dividends, voluntary dividend reinvestment including opt out and increase on shares)
• Interest (corporate, municipal and sovereign debt including tax relief)
• Principal
• Capital gains (short term, long term)
• Sale of rights on ADR securities
• Return of capital
• Dividend with option
• Stock splits
• Stock dividends
• Automatic dividend reinvestments
• Spinoffs
• Rights distributions
• Pay in kind
• Liquidation based on record date holdings
• Tax Events

There is reams available http://www.dtcc.com/settlement-and-asset-services/issuer-services/security-position-reports" rel="nofollow" target="_blank" >http://www.dtcc.com/settlement-and-asset-services/issuer-services/security-position-reports
[tag]DTCC[/tag]


The whole section on Reorgs and the DTC is really informative as well.

Regards,
B