Close to the % of our original P's very exciting week coming. IMO
Effective at 12:01 a.m. (Eastern Time) on July 1, 2018, KKR & Co. L.P. (the “Partnership”) converted from a Delaware limited partnership to a Delaware corporation named KKR & Co. Inc. (the “Corporation” and such conversion, the “Conversion”). At the effective time of the Conversion (the “Effective Time”), (i) each Partnership common unit (“Common Unit”) outstanding immediately prior to the Effective Time was converted into one issued and outstanding, fully paid and nonassessable share of Class A common stock, $0.01 par value per share, of the Corporation, (ii) each 6.75% Series A Preferred Unit of the Partnership (collectively, the “Series A Preferred Units”) outstanding immediately prior to the Effective Time was converted into one issued and outstanding, fully paid and nonassessable share of preferred stock, $0.01 par value per share, of the Corporation, designated as “6.75% Series A Preferred Stock”, and (iii) each 6.50% Series B Preferred Unit of the Partnership (collectively, the “Series B Preferred Units”) outstanding immediately prior to the Effective Time was converted into one issued and outstanding, fully paid and nonassessable share of preferred stock, $0.01 par value per share, of the Corporation, designated as “6.50% Series B Preferred Stock”. This Form 15 is being filed solely in connection with the deregistration under the Securities Exchange Act of 1934 of the applicable classes of securities of the Partnership and does not affect the continued registration under the Securities Exchange Act of 1934 of the applicable classes of securities of the Corporation.
Large Green, I'm confused. Please do the math for me. If someone has 100,000 escrows, they wouldn't be issued 600,000 WMIH shares according to your 6 for 1 theory? If not, about how many new WMIH shares would 100,000 escrows fetch?
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