Mr Cooper Group Inc (COOP)

[ReikoBlack]

The “why” is because of the shares in the Disputed Equity Escrow (DEE) being distributed to Class 22.

Line 14 –

“On January 20, 2020, WMI Liquidating Trust (the “Liquidating Trust” or the “Trust”), formed pursuant to the confirmed Seventh Amended Joint Plan of Affiliated Debtors under the Chapter 11 of the United States Bankruptcy Code (as modified, the “Plan”) of Washington Mutual Inc., initiated a final cash distribution (the “Distribution”) of $39 million. The Distribution was paid to holders of subordinated claims in Class 18 as contemplated by the Plan.

Contemporaneously with the Distribution, the Trust also initiated a final distribution of all shares of common stock of Mr. Cooper Group Inc. on deposit in the Disputed Equity Escrow (as defined in the Plan) less any shares sold to satisfy tax obligations. The shares in the Disputed Equity Escrow were held on behalf of former common shareholder interests (Class 22 in the Plan). Therefore, any redistribution of such common stock was 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) were distributed."

We already knew this.

FILED IN 2020, BUT TALKED ABOUT EQUITY?? WHY??