Replies to post #562294 on Mr Cooper Group Inc fka COOP

[wildboarhog0]

I hope it does im covered either way.... but what if it does not?
commons could be left out while peferreds are made whole.

[clawmann]

According to the POR, commons get 25% of all LTIs distributed to equity and prefs get 75%. Period. Full stop. Once the LTI's are distributed to equity in that ratio, any and all monetary distributions to equity will follow that same ratio ad infinitum.

There is nothing anywhere that states or even suggests that the LTIs received by prefs are in any way different (i.e. subject to some caveat or qualification) from those received by commons.

The idea that commons will continue to be paid after prefs are "paid in full" is just Message Board Mythology (actually calling it mythology does a disservice to the word myth, which is often based on some reality).