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newflow

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Re: CAL622003 post# 725221

Sunday, 03/31/2024 12:08:19 AM

Sunday, March 31, 2024 12:08:19 AM

Post# of 734659
KCC/COURT SHOULD HOLD W-9 INFORMATION IMO.
Ballots were submitted to Nominees (brokerages like TD) and nominees send a master ballot to DTC. DTC process those details and issue stock or other instruments back to nominee in our case WMIH shares and Escrow CUSIPs.
But to receive LTIs from WMILT, LT needed W-9 information and number of shares associated, for that WMILT requested nominees to send those ballot information to KCC as per the FAQ.
Debtors and WMILT knew that it would take a long time, so they collected those details in the name of LTIs. KCC is cancelled as WMI LT agent except few services.The players know what they wanted for the ultimate distribution.IMO.
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