Mr Cooper Group Inc (COOP)

[lodas]

@ goodietime and xoom...... Re: cancellation of common and preferred shares.. pages 59, and 60 of the amended POR 7 chapter 11 document..
https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/jg02-2712_8ke21.htm

this was known 12 years ago and made available for all those who submitted releases....sad that so many years wasted on spurious conjectures of returning money, and or shares to former WMI equity shareholders.....Lodas
ARTICLE XXV

PROVISION FOR TREATMENT OF COMMON EQUITY INTERESTS (CLASS 22)

25.1 Treatment of Common Equity Interests: Commencing on the Effective Date, and subject to the execution and delivery of a release in accordance with the provisions of Section 41.6 of the Plan, each holder of Common Equity Interests shall be entitled to receive such holder’s Pro Rata Share of twenty-five percent (25%) of (a) subject to (i) the right of election provided in Sections 6.2(b), 7.2(b), 16.1(b)(ii), 18.2(b), 19.2(b) and 20.2(b) of the Plan and (ii) the rights of holders of Dime Warrants pursuant to the LTW Stipulation, the Reorganized Common Stock and (b) in the event that all Allowed Claims and Postpetition Interest Claims in respect of Allowed Claims are paid in full (including with respect to Allowed Subordinated Claims), any Liquidating Trust Interests to be redistributed; provided, however, that, in the event at the Confirmation Hearing and in the Confirmation Order, the Bankruptcy Court determines that a different percentage should apply, the foregoing percentage shall be adjusted in accordance with the determination of the Bankruptcy Court and be binding upon each holder of a Common Equity Interest.

25.2 Cancellation of Common Equity Interests: Notwithstanding the provisions of Section 25.1 hereof, on the Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and all other documents representing such Equity Interests shall be deemed cancelled and of no force and effect.