Mr Cooper Group Inc (COOP)

[ReikoBlack]

WMI Liquidating Trust - FAQs Updated - 3/24/2020

7. What are Escrow CUSIPs? Are they still issued and outstanding ?

As contemplated by the Plan, Escrow CUSIPs (the “Escrow CUSIPs”) were issued by the Trust on the Effective Date to eligible former shareholders of WMI. Eligible former shareholders are those who timely submitted relevant documentation, including the release required under Section 41.6 of the Plan. Escrow CUSIPs were issued solely to facilitate potential future distributions of equity shares of Reorganized WMI, if any, to such eligible former shareholders of WMI if Claims involving Disputed Equity Interests were disallowed.

The Escrow CUSIPS were established solely to facilitate potential distributions, if any, of shares of Reorganized WMI common stock; however, all shares of Reorganized Common Stock on deposit in the Disputed Equity Escrow have now been distributed and the Trust’s administrators do not expect that any additional distributions of common stock will be distributed to former beneficiaries of the Trust or holders of Escrow CUSIPS. Nevertheless, at the request of certain legacy shareholders, the Trust’s administrators agreed to keep the Escrows CUSIPS outstanding until the Trust’s dissolution.

http://www.kccllc.net/documents/8817600/8817600200324000000000001.pdf

A question for anyone:

What was the purpose of making the Escrows, UNSELLABLE...UNTRADEABLE...ONLY CAN BE TRANSFERED UPON DEATH of the holder?

But ,... 'somehow', they can just ...be cancelled?

imo, These escrows, are set up as if they are expected to be in existence in perpetuity.