AZC, you said the following, that PIERs pay off was completed and accomplished in Feb 2018' ... so, since the piers holders were paid off in cash', ... who does everyone think gets the return of the actual money that had been paid in ? ... "think about that" ... and, if your answer is the releasing common shareholders, via their DTC ESC Cusips' ? ... you would be correct' ... ouch' that's gotta burn"
PREFERRED & COMMON EQUITY INTERESTS***OWN THE FORMER WaMu Estate
Understand POR 6 and KNOW the changes/facts in Amended POR 7 approved by the court on 2/23/2012 plus the 8K Filing on 8/1/2012 which ALL SUPERSEDES ANYTHING PRIOR
Let us look at the actual August 01, 2012 8K filing that discusses this 75/25 issue. Annex C which is after the 2/24/2012 court-approved Amended POR 7, and after the March 19, 2012 Effective Date.
Annex C - Item 1.01 Amendment of a Material Definitive Agreement.
Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, AND that the distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.
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