Replies to post #502924 on Mr Cooper Group Inc fka COOP

[mgmuc]

newflow - thanks that I was asking for ...

[tzebedee]

"operational expenses".. I'd like a clear amount and definition of that? Nice WORK newflow!

[ReikoBlack]

And, the Trust indicated just how much cash they received from the merged Subsidiaries; $444,333 thousand.

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WMI Liquidating Trust - June 30, 2017 Quarterly Summary Report - Filed: 7/28/2017

Pg. 13 http://www.wmitrust.com/wmitrust/document/8817600170728000000000001

Note 9: Investment in Subsidiaries

Since the Effective Date, the Trust had five (5) dormant subsidiaries without any active business operations. The subsidiaries adopted a plan of liquidation in October 2012. The assets held by these subsidiaries were comprised solely of cash and cash equivalents. On June 23, 2017, four of the subsidiaries were merged with and into the last remaining subsidiary, WaMu 1031 Exchange. Prior to such mergers, such subsidiaries distributed their remaining cash to the Trust. The Trust received $444,333 on June 27, 2017. The last subsidiary, which no longer has any assets, is expected to be dissolved by December 31, 2017.
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MY QUESTION TO LT & RESPONSE

Q: as per state filings, WAMU 1031 EXCHANGE was dissolved on 12/8/2017.What happened to the subsidiaries merged into WAMU 1031 EXCHANGE and their equity interests.Will there be a distribution for the former equity holders of WMI , as the assets have been wounded up.Thank you.

RESPONSE
"The cash generated by the aforementioned subsidiary mergers and dissolution, as the case may be, is being held by the Trust and will be utilized by the Trust to fund operational expenses and/or distributed to the Trust’s beneficiaries in accordance with the distribution priorities (a/k/a the “waterfall”) set forth in the court-approved plan of reorganization. Thank you."

[Donotunderstand]

NEWFLOW

Thank you

By whatever means you communicate with the LT - would you ask the follow up questions

Will "we see" this transaction (dissolution and or mergers) as a separate line or paragraph in the next quarterly statement/report viewable online?

What is the amount in dollars ?