BOMBSHELL! MORE ON THE COUNTS OF ACCOUNTING FRAUD AND FINANCIAL STATEMENT FRAUD.
Hadn't the dividend been impeccably suspended for the recapitalization of FnF, they could have paid out dividends regardless of the SPS increased for free.
Although the Statement of Comprehensive Income also includes all the changes in Equity from nonowner sources, specially on the Other Comprehensive Income (example: unrealized gains/losses in Available-For-Sale securities), the SPS increased for free aren't included in Other Comprehensive Income. So, FnF are correct on this aspect, but they fail when they record a charge on the Net Income when calculating the Net Income attributable to shareholders, like a charge when there is a cash dividend payment on the JPS or SPS (NWS in the 3rd amendment)
Why does it matter? Because the amount attributable to shareholders is also known as the amount distributable to shareholders as a dividend payment (depending on the payout ratio), after the dividend payment on the JPS.
With the illegal charge of FnF, it shows that there is $0 distributable to JPS holders and, then, to shareholders, when in truth, as the SPS increased for free is a non-cash compensation, the full Net Income could have been distributed as dividend.
The bottom line is that the operation is a pure Equity transaction and it shouldn't have appeared on the Statement of Comprehensive income, but only on the balance sheet, and debited, that is, its corresponding charge or offset in the form of reduction of Retained Earnings.
FnF aren't posting the new SPS increased for free on the balance sheet (that should include even the ones pending to be increased at the end of the next quarter), in order to not post the offset (debited), because this offset wipes out the Comprehensive Income of the quarter and the scam artist can no longer say that FnF build Capital.
This in-depth analysis secures the prospect of a fat compensation for Moral and Punitive damages to the Equity holders, as it serves also as a settlement for all the wrongdoings: the Securities Fraud violations and a Conservatorship carried out with a secret plan.
