Replies to post #497138 on Mr Cooper Group Inc fka COOP

[AZCowboy]

~ Well, In My Own Opinion ? ~

... With just a consideration of the Original WMI Debt Structure ? ... there's obviously more' ... But'

If an “Exchange Event” as defined and described in the Offering Circular occurs, and the Office of Thrift Supervision so directs, then the Trust Securities will automatically be exchanged for depositary receipts (the “Depositary Receipts”) representing a like amount of Series Perpetual Non-cumulative Fixed-to-Floating Rate Preferred Stock of the Corporation (the “WMI Preferred Stock”; the Series Company Preferred Securities, the Trust Securities, the Depositary Receipts and the WMI Preferred Stock, together, the “Securities”);

I believe that the Original REIT Series' ... Cayman A-1 & A-2, and Preferred Offering I, II, III, IV' ... were "base valued" @ $5 Billion Dollars' combined ... as well as consecutively issued between 2001' and 2002' (ish) ... with SEC Filed amended covenants in 2006' ...

The WMI Preferred Issues were also roughly $5 Billion dollars ... and, as you can see in the documentation, ... That ... "If an Exchange Event Occurs" ... ? ... well, I'm sure you read the above'

So, I believe that the Original WMI Owned Debt Structures, now reorganized WMIH-Corp Owned Original Debt Structures, were originally in the neighborhood of roughly $10 Billion Dollars' ...

heck, who knows now is anyone's guess ? ... they were all also able to be overfunded' ... and it's been a long time' ...

... I'm interested in the period (quarterly ish') dividend distributions, hypothetically to be paid out until 2041' ...

AZ