Mr Cooper Group Inc (COOP): SPLIT T, LT WILL CONTINUE THRU 2020....

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Mr Cooper Group Inc (COOP)

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Re: Split T post# 605889

Wednesday, 01/08/2020 12:53:12 PM

Wednesday, January 08, 2020 12:53:12 PM

SPLIT T, LT WILL CONTINUE THRU 2020.

Its not done yet.They have to distribute LTIs/Cash for equity classes.

They projected the costs around $7mm for 2020.

In the application to close the cases, they asked for permission to dissolve LT, not that they dissolve as the bankruptcy cases closed.

Once they issue LTIs and dissolve the trust, admins could over see the distributions and take care of undelivered cash ..etc.

JMHO.

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