Replies to post #705297 on Mr Cooper Group Inc (COOP)

[Large Green]

A TWO PART POST THAT COINCIDES WITH A POTENTIALLY IMPORTANT DISTRIBUTION DATE

Thanks newflow. Former BP poster, Sunshine originally studied and shared the 65-Day Rule with the forums.

PART 1:

Thanks for bringing this up again because POTENTIALLY this is in play until proven correct or time passing proves it wrong.

Q. What is the 65-Day Rule for estates and trusts?

https://bgm-cpa.com/news-insights/the-65-day-rule-post-year-end-tax-planning-for-estates-and-certain-trusts/#:~:text=What%20is%20the%2065%2DDay%20Rule%20for%20estates%20and%20trusts,date%20is%20March%206%2C%202023

Any distribution by an estate or trust within the first 65 days of the tax year can be treated as having been made on the last day of the preceding tax year. This year, that date is March 6, 2023.

PART TWO:

NUMBER 6 of 7 WILL PLAY A VITAL ROLE IN OUR POTENTIAL DISTRIBUTIONS-THE DOTS ARE CONNECTING

The UWs Perform This EXACT Kind of Work-UWs KNOW CLASS 19 is GOLD

Remember, WMI NOT to be confused with WMILT became a (DST) Delaware Statutory Trust around 3/8/2012 then became effective on the (ED) Effective Date of March 19, 2012

https://seracapital.com/1031-exchanges/the-seven-7-deadly-sins-of-delaware-statutory-trusts-dsts/

"The Seven Deadly Sins of Delaware Statutory Trusts (DSTs) Explained


***REALLY, REALLY REALLY LET NUMBER SIX SINK IN NOW***

6. All Cash, Other Than Necessary Reserves, Must Be Distributed To The Co-Investors Or Beneficiaries On A Current Basis According to the IRS regulations, DSTs are allowed to keep cash reserves on hand to cover emergency maintenance and repairs issues.

However, they are required to share the earnings and proceeds realized from the DST to its beneficiaries within the agreed distribution date. (probably redacted) This deadly sin prevents trustee misappropriation of funds and protects beneficiaries’ rights to receive their earnings promptly.


***NOW JUST READ THE FOLLOWING AND LET THIS SINK IN FURTHER***

required to share the earnings and proceeds realized from the DST to its beneficiaries within the agreed distribution date.




...

[iPrelude]

I believe some longs here deserve (if they want to of course) the privilegue (if they feel it like that, of course) of finding out and sharing, but Im not trying to escape from what I said: I would gladly write to her and simply, directly and clearly ask her about the whole corporate structure from bottom to top parent. Is my english good enough for phone conversations at that level?, probably not

Does she have an email where to write her? preferible if the email belongs to the corporation that includes as her job answering to that question ...

I'm just trying, like everybody else (except a few goalies) to contribute with my grain of sand to the discovery & recovery beach

Fingers crossed