Replies to post #504592 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Doc, Thanks’ The Following Describes What “Equity Interest” Is’ ~

The following “quoted” text, is directly from one of hundreds of WMI’, securitized Trusts’, ... one of hundreds of WMI’, listed “Trusts” able to be studied and referred to on the SEC site, ... SIC Code’, 6189’ ...

... As stated, ... “Equity Interest” ... is an investment of Plan Assets, made by a qualified Corp. ... in our case, WMI’ (the parent)

... and, as we know from the WMIIC’ first filing for bankruptcy protection, ... ”WMIH-Corp, as the reorganized Washington Mutual Inc., OWNS’, 100% of the “Equity Interest” in WMI Investment Corp”. ...

PLAN ASSET REGULATION

An investment of Plan Assets in Certificates may cause the underlying Mortgage Loans, Cooperative Loans, Agency Securities, Private Securities, and/or other assets held in a Trust to be deemed 'plan assets' of such Plan. The U.S. Department of Labor (the 'DOL') has issued a regulation (the 'DOL Regulation') concerning whether or not the assets of a Plan would be deemed to include an interest in the underlying assets of an entity (such as a Trust), for purposes of applying the general fiduciary standards of ERISA and the prohibited transaction provisions of ERISA and Section 4975 of the Code, when a Plan acquires an equity interest (such as a Certificate) in such entity. Because of the factual nature of certain rules in the DOL Regulation, it cannot be predicted whether the assets of a Plan will be deemed to include either (i) an interest in the assets of a entity in which the Plan holds an equity interest (such as a Trust), or (ii) merely the Plan's interest in the instrument evidencing such interest (such as a Certificate). Therefore, neither Plans nor certain entities in which assets of Plans are invested should acquire or hold Certificates in reliance upon the availability of any exception under the DOL Regulation. For purposes of this section, the terms 'plan assets' and 'assets of a Plan' ('Plan Assets') have the meanings specified in the DOL Regulation and include an undivided interest in the underlying assets of certain entities in which a Plan holds an equity interest.

AZ