Mr Cooper Group Inc (COOP)

[boarddork]

Preferreds are not ahead of commons. The WMILT is done and toast. The bankruptcies are over. There is no hierarchy remaining.

You have separate income issues on different tracks or highways, all running somewhat concurrently. However as the Ks are redeemable and the Ps are convertable......there is prob some strategy to how and when the Preferreds are dealt with for WMI/WMIH now trading as COOP.

Escrow tracking markers still reserve ones % share of temporary withheld income from such during the bankruptcies, so that is not lost to those who release.....but how the Preferreds carry on in the future, is up to some corporate even dictated by WMI/WMIH now trading as COOP, imo