Replies to post #640882 on Mr Cooper Group Inc fka COOP

[AZCowboy]

~ GO4, The Important Take Away, Was The PIERs Pay Off With WMI “Cash”, Causing the Release of the WMI Capital Trusts $1,150,000,000.00 (Billion) in “Debenture” Support ~

Those Piers Bonds initially cost $50.00 with forward quarterly interest earnings at .05375 per year ... 23,000,000 of them, or 2% of the original “Debenture” support ... with Plan 7's approval, they got entirely paid off with WMI’s Cash ... never touching the Trustees managed pay in, or the support ... now, the returns are available to a releasing WMI common shareholder ... designated by their DTC issued ESC Cusip # 939ESC968

How Judge Walrath did this ?, or worded the contractual reasoning ?, doesn’t matter, ... only that she did’

AZ