~ XOOM', Well ?, The OldCo (WMI), per the old pre-seizure & pre-BK 10-K's, the BOD's Would Announce A Coupon in Mid January, with a Distribution Date of Mid February and a Shareholder of Record Date of January 31st' ...
So ?, ... I'm speculating of course, but If I Am Correct ? and, in my opinion ? (LOL, I still find the need for that humorous LOL'), ... our own reorganized WMI, "WMIH" Corp (the NewCo), BOD's will follow the OldCo's Protocols' ... with a consideration of the addition of the accumulated interest earnings, to be returned to an original releasing WMI owner, by way of ones DTC Issued ESC Cusips' ... within that two weeks between a BOD's announcement mid month ?, and the shareholder of record date' month's end ...
... which would give a WMI Plan 7', original releasing owner, a couple of interest accumulated bucks to use, to re-establish their positions in "COOP" if they wanted to ?, or to simply move on down the road' ... or whatever' ... With all turning out to be quite ... "Fair & Equitable" ...
So a, ... 939ESC992 ESC Cusip Holder, would share in the interest earnings generated for years, 2018, 2019, and 2020', Held in the WMIH Managing Sub, divided by the number of releasing WMI preferred ...
And a, ... 939ESC968 ESC Cusip Holder, would share in the interest earnings generated for years 2008 through 2020 by the WMI Cap Trust and the "6" remaining non-banking subs' ... remembering that "1" of the 7', is that "P" functioning management WMIH sub ... which had diddly squat left in it after expenses paid up, at at the end of 2017, ... but for years 2018, 2019, and 2020, had zero expenses and the 15(g)s were released' at the end of 2017' as well ... so, there should be quite a nice chunk of Cash accumulated in there' ...
and before anyone asks about a 9393ESC84 Cusip ?, I don't know ...
anyhew'
AZ
