Mr Cooper Group Inc (COOP)

[cura asada]

WMI Liquidating Trust to Initiate Final Distribution and Wind-Down of Operations

Quote:

Contemporaneously with the Distribution, the Trust also will initiate a final distribution of all shares of
common stock of Mr. Cooper Group Inc. currently on deposit in the Disputed Equity Escrow (as defined
in the Plan) less any shares sold to satisfy tax obligations. The shares currently held in the Disputed
Equity Escrow are held on behalf of former common shareholder interests (Class 22 in the
Plan). Therefore, any redistribution of such common stock will be made only to members of Class
22. Furthermore, consistent with prior distributions and pursuant to the Plan, no fractional shares (nor
any cash-in-lieu of fractional shares) will be distributed. Due to the de minimis number of shares
currently held in the Disputed Equity Escrow, and the fact that the Disputed Equity Escrow Agreement
does not contemplate the issuance of fractional shares or the payment of cash-in-lieu of fractional
shares, the Trust expects that a significant majority of legacy common shareholders will not receive any
shares in connection with such redistribution.

Subsequent to the Distribution, and consistent with the Liquidating Trust Agreement and orders entered
by the Bankruptcy Court, no additional distributions of cash or equity will be made by the Trust, other
than a potential distribution to one or more charities (as contemplated by the Plan and the Liquidating
Trust Agreement (as defined in the Plan)) of unused cash reserves. Such reserves are being retained for
purposes of managing the winding-down of the Trust, including responding to any claims asserted
against the Trust, the Liquidating Trustee, the Trust Advisory Board or the Trust's management, as the
case may be, following the closure of the Chapter 11 cases.


Unquote.

http://www.kccllc.net/documents/8817600/8817600200110000000000001.pdf