Mr Cooper Group Inc fka COOP

[hotmeat]

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.