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12/31/23 12:57 PM

#721273 RE: AZCowboy #721272

@AZ Cowboy:

Your reply that nothing further (no Mr Cooper shares, no money and nothing else) will be distributed to former "K"-holders is very interesting.
Because my "K"s have been PREM'ed longer time ago.

Can you explain why there won't be nothing further for "K"s, but there will be for "P"s and "U"s ?
Shouldn't "K"s been paid with higher priority than "U"s ?
I remember discussions that "P"s could have been transferred to "U"s (at least in former times).
I don't know if this would have been possible for "K"s as well, but I don't remember and I don't think so.
So this is the difference between "P"s and "K"s, although both are preferred stocks ?

Also some of my "U"s had been "PREM"ed (position removed), but with latest distribution they have got un"PREM"ed once again.
So I have all "P" and "U" position markers still in my account .. without of the "K"s.

Just wondering why "K"s were included in earlier distributions as well and with later distributions it will be just "P"s and "U"s ?
How to understand ? Thank you