InvestorsHub Logo
Followers 55
Posts 6217
Boards Moderated 0
Alias Born 03/25/2015

Re: lodas post# 676238

Saturday, 01/22/2022 12:40:18 AM

Saturday, January 22, 2022 12:40:18 AM

Post# of 727290
APART FROM CERTAIN MINISTERIAL ACTIONS TO BE TAKEN BY THE TRUST ADMINISTRATORS IN CONNECTION WITH COMPLETING WINDING-DOWN OF ITS OPERATIONS, WMI LIQUIDATING TRUST NO LONGER HAS ANY ACTIVE OPERATIONS AND HAS DISTRIBUTED TO AN ELIGIBLE CHARITY (I.E., ITS SOLE BENEFICIARY) ALL BUT A DE MINIMIS AMOUNT OF CASH AS CONTEMPLATED BY THE PLAN AND TRUST AGREEMENT (DISCUSSED MORE SPECIFCALLY HEREIN).

There are certain pending dissolution related ministerial actions to be taken by WMILT administrators.


Now check this from COOP.
https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf

Especially focus on Line 14 and Line 15 details on page 3 and page 4,they clearly separated both disputed equity escrow and liquidating trust assets direct ownership and tax treatment.

What is Actual vs CONSTRUCTIVE Distributions?.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News