Replies to post #496316 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ ItsMyOption, IMO ? Yes, I Do Believe So ~

However, only NOW though, ... Now that the Settlement and its requirements are completed' ...

I'm hoping that everyone will read all of the presented text, However, in an effort to answer you, ... I will refer to this particular portion of the explanation of the potential for a Dividend Distribution' ...

Read this slowly' ... The Company (WMIH-Corp) CAN NOT ... "the Company shall not declare or pay dividends with respect to, or redeem, purchase or acquire any of, its equity capital securities during the next succeeding Dividend Period" ...

So, ... my conclusion would be that, ... with the distribution of an assigned dividend' ? ... Not only would ... we' ... benefit' from receipt of the distribution, ... but the new company (WMIH-Corp) would benefit moving forward as well' ...

(e) If full dividends on all outstanding shares of the Series Preferred Stock for any Dividend Period have not been declared and paid, (e) If full dividends on all outstanding shares of the Series Preferred Stock for any Dividend Period have not been declared and paid, the Company shall not declare or pay dividends with respect to, or redeem, purchase or acquire any of, its equity capital securities during the next succeeding Dividend Period, except dividends in connection with the Series Preferred Stock or other shareholders’ rights plan, if any, or dividends in connection with benefit plans. except dividends in connection with the Series Preferred Stock or other shareholders’ rights plan, if any, or dividends in connection with benefit plans.

AZ

[MadBadger]

ItsMyOption, to my understanding the Preferred Class19 is Non Cumulative. That all might have changed, but upon birth of the class, it states "Non Cumulative". Deep down I hope I'm wrong. Lol