Replies to post #563688 on Mr Cooper Group Inc fka COOP

[goodietime]

"That's not correct...WMI solely owned the common stock interest in the Trust which was worth 3% of the total value of the entire Trust. That's a fact direct from the Prospectus, but what happened to those common shares and whether they still exist is unclear."


"WMI solely owned the common stock interest in the Trust which was worth 3% of the total value of the entire Trust."

Does anyone know the 'Total Value' of these Trusts that might return 3% to COOP?

Is this why the big boys are trying to grab as much of COOP as possible?

Also, IF this is 'known', WHY isn't it noted in the Financials?

Any thoughts?

[Donotunderstand]

cool

I did not read the prospectus

my point was more general

unlike most companies - here the preferred where the owners (97% not 100%) as there apparently was no common issued to the public but some held closely

the big point is preferred owned the trust which owned bonds

so via the bonds the trust and thus the preferreds got in the waterfall as debt