Replies to post #596862 on Mr Cooper Group Inc (COOP)

[hotmeat]

I agree and IMO that wording was used for a reason. The first statement is unambiguous, that distribution soon after closure is to Class 18, there is no doubt. Their other reference "relevant beneficiaries" however is not specific as the first and also the timeframe can be anytime between closure and December 2020. If there was only going to be one distribution to Class 18 there would be no need to make that second vague statement. Hopefully this confusion will be cleared up sooner rather than later.



NOTE: Our loose usage of the term Escrow Markers/Cusips in reference to cash distributions has always been wrong. Those instruments were NEVER created for anything other than distribution of shares held in the DEE. This means their cancellation is immaterial as to whether we receive cash from the estate or not.