Mr Cooper Group Inc fka COOP

[BBANBOB]

Newflow

""Dividends on the Series R Preferred Stock will be payable quarterly in arrears, when, as and if declared by our board of directors, at a rate of 7.75% per year on the liquidation preference of $1,000 per share. The dividend payment dates will the 15th day of each March, June, September and December, commencing on March 15, 2008, or the next business day if any such day is not a business day.""


I still wonder WHY they would change an interest rate of 7.75% on a financial instrument that is DEAD and down to 6.895%

Things that make me go HMMMMMMMMMMMMMMMMMMMMM