Yeah yeah, kkr is managing a dividend for all poop common shares. What you are not saying is the WMI equity shareholders who agreed and signed Por 7 have yet to receive the cash dividend minimum 31 quarters first than maybe a yearly dividend from capital trusts what ever the time table is. The share count will only affect poop common shareholders along a coupon it will not matter about equity old markets and yet it could be years. Bk is closed nothing blocking the cash dividend tell and show us proof that happens now. Now of this other bs of poop doing good business or tax breaks and such. Show us the fact you know nothing of cash dividend and know it will not happen by EOY. Tell us the money is in the DTC but yet will not reach us
~ Some "COOP" Napkin Math' With The Word "AND" Being Taken Literally' ~
"5% Dividend Payable In Common Stock at the higher of $1.05 per common share and market value is a satisfactory alternative to a cash dividend given by the company's current free cash position"
These Are My Own Calculations Moving Forward, ... which have zero to do with the specific Trustee(s) accumulated interest earnings held ... that, still need to be, and will be' caught up' ... for the Company "WMIH" as well as for each releasing recipient of their "CHOSEN" form of WMI's Reorganization Plan 7 "Participation", by way of their DTC Issued ESC Cusips' ...
So,
5% of a $25.00 (ish) pps is $1.25 ...
the $1.05 needs to be multiplied times 12, or $12.60
$12.60 plus $1.25 is $13.85 or roughly .554 per "COOP" Common @ $25.00 ...
So, 90,853,569 COOP Commons, times a COOP common stock coupon' would be 90,853,569 times .554 or COOP' using the release of an additional 50,332,877.226 common shares (ish), as its coupon' ...
For every ONE' Coop Common Share, a Common Share Multiple of roughly .554 will be issued as a Coupon' ...
So, 100 Shares of COOP' Times .554 will be 155.4 shares of COOP' once the coupon is issued' ...
"Stock (“Series A Preferred Stock”) held directly by KKR Wand Holdings convertible into 838,802 shares of Common Stock, 1,766,468 shares of Common Stock held directly by KKR Wand Holdings, and 13,006,776 shares of Common Stock held directly by KKR Wand Investors. The percentage of beneficial ownership in this Schedule 13D is based on 90,853,569 shares of Common Stock outstanding as of October 23, 2020, as reported in the Quarterly Report on Form 10-Q filed by the Issuer on October 29, 2020, and assumes that all 838,802 shares underlying such Series A Preferred Stock have been converted, as applicable, and are outstanding."
Interesting' ... Now, that this amended 13D has been filed as of' November 18, 2020, I seriously doubt the actionable event will take very long to be announced', ... after all, although a same day activation and announcement is allowed by the SEC and the NasDaq', ... an actual shareholder of record date ?, hasn't been announced' ...
Not Bad, ... with a .554 common share coupon, ... it's a 1.554 common for 1' currently held common ... (ish)
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