Mr Cooper Group Inc (COOP)

[Large Green]

IPrelude, I have always said a DST will play a vital role in our eventual distributions. Here take a look at the Seven Deadly Sins of a DST:

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The following is a list of the Seven Deadly Sins of a Delaware Statutory Trust (meaning all seven conditions below need to be true in order for a DST to be a legal entity):

https://seracapital.com/1031-exchanges/the-seven-7-deadly-sins-of-delaware-statutory-trusts-dsts/

"The Seven Deadly Sins of Delaware Statutory Trusts (DSTs) Explained

ONLY POSTING NUMBER 6 Of The 7 Deadly DST SINS:

6. All Cash, Other Than Necessary Reserves, Must Be Distributed To The Co-Investors Or Beneficiaries On A Current Basis. According to the IRS regulations, DSTs are allowed to keep cash reserves on hand to cover emergency maintenance and repairs issues. However, they are required to share the earnings and proceeds realized from the DST to its beneficiaries within the agreed distribution date. This deadly sin prevents trustee misappropriation of funds and protects beneficiaries’ rights to receive their earnings promptly.




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