Mr Cooper Group Inc (COOP)

[Large Green]

Thank you, RD. You posted the following, and then suddenly, this 7.75% was changed to the EXACT percent of 6.875% JPM now showing in this new prospectus. It took much tenacity, diligence, and patience to find something this important. Thanks also go to BBANBOB, who spotted several years ago that our former WAMPQs paid 7.75% annually until seized on 9/25/2008 was changed to 6.875%

Then very mysteriously, this 7.75% was changed to the EXACT same percentage as the following JPM prospectus Royal Dude NOW SHOWS in the following prospectus, which is supposed to go forward on June 01, 2025. This time frame COULD ALSO BE VERY FITTING for a payback that we have been waiting on for so many years from the CROOKS at JPM.
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We are offering 2,500,000 depositary shares, each representing a one-tenth interest in a share of our perpetual 6.875% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series NN, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $1,000 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.

We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024. From the original issue date to, but excluding, June 1, 2029, we will pay dividends when, as, and if declared by our board or such committee at a rate of 6.875% per annum, beginning on June 1, 2024. From and including June 1, 2029, for each reset period (as described in this prospectus supplement), we will pay dividends when, as, and if declared by our board or such committee at a rate equal to a five-year treasury rate (as described in this prospectus supplement) as of the most recent reset dividend determination date (as described in this prospectus supplement) plus a spread of 2.737% per annum, beginning on September 1, 2029. Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.
We may redeem the Preferred Stock on any dividend payment date on or after June 1, 2029, in whole at any time or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock after a capital treatment event (as described in this prospectus supplement), subject to regulatory approval. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.

https://www.sec.gov/Archives/edgar/data/19617/000119312524060114/d745782dfwp.htm?fbclid=IwZXh0bgNhZW0CMTAAAR2fQPHDjWAYf1UAt3P4fZhPhs0Dl2nEkxmp96pgyq1fnvklwUqVSHOkRHQ_aem_AcpNgPfPU6c2vV6MlnemLqH_9scnLU_n3Tr71K_CECjQtrboGM52rKbMFIQpOCfuYsUYVRZlsRrthVX72YkNQtZx

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