Replies to post #696320 on Mr Cooper Group Inc (COOP)

[newflow]

Because the units of beneficial interest are non-transferable, no market exists to determine their fair market value in an established trading market. The holder of a beneficial interest must report his/her share of the income and expenses of the liquidating trust until it is terminated, which is not expected for three years. After the remaining assets are sold and the secured interests and higher priority claims are paid off, the common shareholders will receive a pro-rata share of whatever is left.

IMO, those interests were transferred to somewhere else.

[MadBadger]

Yes this is the site.

[MadBadger]

Another thing that is mentioned at the very end is the advice to sell if you don’t want to invest in the time of up to six years for Litigation Trust.