Mr Cooper Group Inc (COOP)

[boarddork]

Managing trusts must disperse to DTC registered investors (those who released for their portion %) on an annual basis. These REIT trusts are not affiliated with the old debtors, LT, hedgies, JPM, FDIC, or whatever boogyman. They are legally obligated fiduciaries to their constituents. They paid WMI investors faithfully before bankruptcy, and they will pay legacy WMI investors after BK. They were legally obligated to safe harbor (pause button) anything WMI related for the last 10 years......Until the Bks ended.

The Bankruptcies (2) closed this year 2020. Safe harbor no longer applies a freeze to these securities. IRS 90% rule states the managing trusts (REIT) must disperse on an annual basis.

There is no more 'but this or that' to hold hostage. It is finally over, and we wait for the next annual distribution date.

Those who released should receive their portion % of the last 10+ years up thru 12/31/2020, of accumulated income +interest.

Plus, Every year following there will be annual dispersements of continuing and ongoing accumulations. One goes out to 2041.