Home > Boards > US Listed > Banking and Finance > Mr. Cooper Group, Inc. (COOP)

The language in Note 3 of the last

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
hotmeat Member Profile
 
Followed By 56
Posts 8,732
Boards Moderated 0
Alias Born 09/30/06
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 1/16/2020 4:20:51 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/13/2020 4:49:07 PM
Mr. Cooper Group Inc. Announces Pricing of Offering of $600 Million of Senior Notes Business Wire - 1/13/2020 4:42:00 PM
Mr. Cooper Group Names Mike Rawls Chief Executive Officer of Xome® Business Wire - 1/9/2020 9:00:00 AM
Amended Statement of Beneficial Ownership (sc 13d/a) Edgar (US Regulatory) - 12/31/2019 5:19:55 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 12/31/2019 5:01:10 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 12/30/2019 4:06:25 PM
Citation Growth Corp. (OTCQX: CGOTF) Weathering the Cannabis Downturn InvestorsHub NewsWire - 12/9/2019 7:23:11 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 12/4/2019 7:01:27 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 11/1/2019 4:24:22 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/31/2019 7:02:20 AM
Mr. Cooper Group Reports Third Quarter 2019 Financial Results Business Wire - 10/31/2019 7:00:00 AM
Mr. Cooper Group Inc. to Discuss Third Quarter 2019 Financial Results on October 31, 2019 Business Wire - 10/17/2019 6:57:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/9/2019 7:01:21 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/4/2019 4:42:36 PM
Mr. Cooper Group Inc. to Present at the 2019 Barclays Global Financial Services Conference Business Wire - 9/4/2019 4:00:00 PM
Mr. Cooper Group Receives Great Place to Work Certification Business Wire - 8/21/2019 9:00:00 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 8/2/2019 4:54:24 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 8/1/2019 7:01:15 AM
Mr. Cooper Group Reports Second Quarter 2019 Financial Results Business Wire - 8/1/2019 7:00:00 AM
Mr. Cooper Group Inc. to Discuss Second Quarter 2019 Financial Results on August 1, 2019 Business Wire - 7/19/2019 4:00:00 PM
TNS Reports on: Deals, Acquisitions, Insider Trades and Business Expansions InvestorsHub NewsWire - 7/15/2019 8:05:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/5/2019 4:31:21 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/25/2019 6:05:39 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/3/2019 7:32:35 AM
hotmeat   Sunday, 11/17/19 12:51:03 AM
Re: Large Green post# 596759
Post # of 608561 
The language in Note 3 of the last QSR is indeed vague, in that it's possible they could be referring to separate "FINAL" distributions due to the wording.

A "FINAL" distribution specifically to Class 18 is to be made soon after the order is entered by JMW, while another possible "FINAL" distribution could be made to unnamed "Relevant Beneficiaries" following the approval to close the cases, but before winding-up the Trust in December 2020.

Not sure why they first specified Class 18 and then used the general term "Relevant Beneficiaries" later on. Could be nothing but, who knows!?!




QSR (10/31/19)....Note 3

Shortly after the Court enters the order to close the chapter 11 cases, the Trust intends to make one final cash distribution to holders of Class 18 Allowed Claims (See Note 5), and redistribute shares in the Disputed Equity Escrow (See Note 7). Any outstanding LTIs and escrow markers will be canceled.

Subsequent to the Bankruptcy Court approving the closure of the chapter 11 cases, the Trust will remain open for a period of time in order to wind-up its operations. Following a final distribution of cash to relevant beneficiaries of the Trust, no additional distributions (of cash or equity in Reorganized WMI) will be made.

"MEGA BILLIONS CREW" non-member
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist