Replies to post #543530 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Good', Glad To Have Been Able To Help ~

... The WMIH-Corp Holding Co., needed the NSM (etc) servicing platform, ... Now, Mr. Cooper', trading as COOP' ... and the legal process, needed the last WMI Senior Creditor Class, to be "Addressed" ...

The WMI-LT, the QSR's, B. Rosen, Judge Walrath, and the Filings have all supported my views specific to WMI' and its WMI-LT ... and yes,

It is the DTC, ClearStream, and EuroClear, that will distribute directly to the Brokers' ... on behalf of an Original Class Releasing Owner' ...

... The following are the "Rights Upon Termination", as stated in the "Washington Mutual Capital Trust" ... and referred to in the Plan 7 Confirmation Order' ...

Rights Upon Termination

Upon any voluntary or involuntary dissolution, winding-up or liquidation of the Trust involving the liquidation of the debentures, the holders of the trust securities will be entitled to receive, out of assets held by the Trust, subject to the rights of creditors of the Trust, if any, the liquidation distribution in cash. See "Description of the Preferred Securities—Liquidation Distribution Upon Dissolution." Upon any voluntary or involuntary liquidation or bankruptcy of Washington Mutual, the Property Trustee, as holder of the debentures, would be a subordinated creditor of Washington Mutual, subordinated in right of payment to all Senior Indebtedness as set forth in the indenture, but entitled to receive payment in full of principal and interest before any stockholders of Washington Mutual receive payments or distributions. The positions of a holder of preferred securities and a holder of the debentures relative to other creditors and to stockholders of Washington Mutual in the event of liquidation or bankruptcy of Washington Mutual should be substantially the same.

Sorry to the wishful thinking peeps, ... NO 75/25 to the End, and NO LTI's will be Issued, ... It's over' ...

AZ

[katekir1234]

No distributions,you should ha