Replies to post #688075 on Mr Cooper Group Inc (COOP)

[PickStocks]

Now the field goal has been stood up again….let’s wait another year…

[waytogoman]

Can I ask where those dates came from? How did you come up with that timeline?

[cura asada]

Quote:

Contemporaneously with the Distribution, the Trust also will initiate a final distribution of all shares of common stock of Mr. Cooper Group Inc. currently on deposit in the Disputed Equity Escrow (as defined in the Plan) less any shares sold to satisfy tax obligations. The shares currently held in the Disputed Equity Escrow are held on behalf of former common shareholder interests (Class 22 in the Plan). Therefore, any redistribution of such common stock will be made only to members of Class 22. Furthermore, consistent with prior distributions and pursuant to the Plan, no fractional shares (nor any cash-in-lieu of fractional shares) will be distributed. Due to the de minimis number of shares currently held in the Disputed Equity Escrow, and the fact that the Disputed Equity Escrow Agreement does not contemplate the issuance of fractional shares or the payment of cash-in-lieu of fractional shares, the Trust expects that a significant majority of legacy common shareholders will not rece.
Unquote.
https://www.sec.gov/Archives/edgar/data/1545078/000119312520005481/d866835dex991.htm