Replies to post #466533 on Mr Cooper Group Inc fka COOP

[footballref-8541]

Royal,
What is this?

[Boris the Spider]

IF...escrows get paid on 11/7:

Certain non corporate U.S. Holders (including
individuals) are generally eligible for preferential rates of U.S. federal income taxation in respect of long term capital gains (i.e., gains on a Security held for more than one year).

If escrows were to receive these funds it should be taxed as cap gains since held since 2012. 15-20%.

Note HRC plans to raise cap gains to 45% so this needs to get done quickly. $5B will pay 1/2 par but not a bad start.
We shall see if this happens.

[wamutrader]

I'm confused... I want us to get our money, but where does the info on this press release from 10/31 show WAMU Escrow is getting cash? Who can find out for us?

http://www.dfking.com/jpm/OTP.pdf No mention of WAMU.

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Could this be just part of their $10.6B capital repurchase program over next year:

https://www.jpmorganchase.com/corporate/investor-relations/pr/2016-capital-distribution-plan.htm