Replies to post #403361 on Mr Cooper Group Inc fka COOP

[DPincus]

Minor correction, Large:

PQ/KQ receive 75 cents on the dollar; commons receive the remaining 25 cents.

Dion

=

As far as the distribution of assets through the trust, for every dollar that gets disbursed, former WAMPQ/WAMKQ will receive seventy censt on every dollar and for every former old common share (WAMUQ), they will receive 25 cents for every dollar run through the trust with the exception of up to two and half percent that could go to WMIH directly.

[UncleBo]

Large,

The outsanding amount for the PIERS is 97MM in total. As of the last quarterly report of the trust the net assets of the trust were 264MM, which includes the disputed claims. If we were to deduct the distribution made to the PIERS on Aug 1st (78 MM) then we have 185MM left including the disputed claims (106MM). There should be enough the close out the this class, but as you pointed out the judge needs to bring down the gavel. Also the FDIC needs to finally make a call on those settlements, but they have no urgency to move...


Uncle Bo