![](https://investorshub.advfn.com/uicon/138434.png?cb=1464725830)
Tuesday, November 12, 2019 11:11:11 AM
11:17
Brian O’Neill: Accent Realty
[Q: Brian] I’d like to ask you a question in relationship to the, the other side of this, the issue of WMIH which is the payment of Escrow. Does WMIH expect to receive any funds, whatsoever, if WMI, the Liquidating Trust income of say,… i think i’ve heard figures of 2.5% or is there any indication that there’s going to be any payment to you as well as Escrow?
[A: Bill Gallagher] I don’t think that has anything to do with WMIH Corp, uh, Brian. Any of that is for either the Liquidating trust or other Estates or Companies that are not related to this.
[A: Tom Fairfield] So, is your question…do you…is there the potential for WMIH Corp to receive further funds from the Liquidating Trust from the original Bankruptcy?
[Q: Brian] I just…i want to know whether there’s any connection between the two? So, if i ask the question whether you’re expecting to receive any income from that, for planning purposes…whether there would be, you know,…it’s still a possibility? Is it still a possibility that you would receive that income?
[A: Tom Fairfield] No. The only interest that the WMIH Corp has remaining in the Bankruptcy is there was a small litigation trust which has been substantially resolved. And, we’ve received our share of the proceeds. But, there’s a very minor immaterial amount of money remaining. And, if it isn’t spent on expenses we could receive a de minimis further payment. And, that’s it. There’s no other expectation of money from the Bankruptcy.
[Q: Brian] Follow up question, if i may? I was curious to know, just recently,…believe it was yesterday or the day before, KKR did a…created a BDC platform with FS Investments. And, this…the reason why i’m relating this to WMIH is because i think if it is a BDC rather than a Merger and Acquisition, whether this would be a possibility of involvement of WMIH in the process of managing the monies from the Trust? And, whether we were in fact involved in that particular creation of that platform?
[A: Tom Fairfield] We’re not in a position…that’s a KKR platform so, it does not involve WMIH. And, so, we’re not in a position to speak to what KKR’s plans are for that platform, but it does not involve WMIH Corp.
[Q: Brian] Well, we are involved in W…we are involved in KKR? Isn’t that the fact?
[A: Bill Gallagher] KKR is our largest investor through the Series B and they have other interest so, they are a strategic investor in WMIH. We’re not an investor in any KKR businesses.
[Q: Brian] Ok, i just wanted the clarification of the word ‘Partnership’ versus Merger and Acquisition because essentially it’s so convoluted in the organization of KKR that, the term ‘Partnership’ is we could be indirectly involved in that Partnership.
[A: Tom Fairfield] So, we have no legal Partnership with KKR, just to be clear. KKR owns an investment in WMIH. They own Series B Preferred Stock. They also own some warrants and they own Series A Preferred Stock. And, they have…there are two employees who sit on our Board of Directors. But, it’s not a legal Partnership. It is a relationship through the contracts related to those stock holdings. It’s not a legal Partnership.
[Q: Brian] Can i sneak a quick one in?
[A: Bill Gallagher] I think we have to move on Brian, really. We want to give other people a chance to ask questions, please.
[Q: Brian] Any involvement with…
[A: Bill Gallagher] Back in the Q.
[Q: Brian] I’ll try, thank you.
[A: Tom Fairfield] You’re welcome.
Just adding some old information.
In a shareholder information release (stockholders meeting or earnings conference), I distinctly remember them saying that there were no additional monies coming to the newco.
I also remember language in the agreement creating the newco that defined what the had at inception containing the concept ‘and nothing else’.
Can anyone confirm or deny
Recent COOP News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:07:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:36:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:33:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:28:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:26:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:24:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:22:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:19:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:17:44 PM
- Xome Democratizes Real Estate with Launch of DIY Sales Platform, No Agent Required • Business Wire • 05/22/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 10:47:32 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/15/2024 12:11:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 12:12:48 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 08:22:09 PM
- Mr. Cooper Group Reports First Quarter 2024 Results • Business Wire • 04/24/2024 11:00:00 AM
- Mr. Cooper Group Announces Two New Senior Leaders • Business Wire • 04/23/2024 01:00:00 PM
- Mr. Cooper Group Inc. to Discuss First Quarter 2024 Financial Results on April 24, 2024 • Business Wire • 04/05/2024 03:37:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:34:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:05:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:04:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:03:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:01:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:59:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:28:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:15:59 PM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM