Replies to post #732997 on Mr Cooper Group Inc fka COOP

[PickStocks]

Go get him Ron!!!!

[Royal Dude]

In all of the confusion do not miss this post . This alone will take care of P's and then some. 1000 shares at 10,000 per share.The interest had to be earned before least one quarter. First payment September 1st.

We are offering 2,500,000 depositary shares, each representing a one-tenth interest in a share of our perpetual 6.875% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series NN, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $1,000 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.

We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024. From the original issue date to, but excluding, June 1, 2029, we will pay dividends when, as, and if declared by our board or such committee at a rate of 6.875% per annum, beginning on June 1, 2024. From and including June 1, 2029, for each reset period (as described in this prospectus supplement), we will pay dividends when, as, and if declared by our board or such committee at a rate equal to a five-year treasury rate (as described in this prospectus supplement) as of the most recent reset dividend determination date (as described in this prospectus supplement) plus a spread of 2.737% per annum, beginning on September 1, 2029. Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.
We may redeem the Preferred Stock on any dividend payment date on or after June 1, 2029, in whole at any time or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock after a capital treatment event (as described in this prospectus supplement), subject to regulatory approval. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.

https://www.sec.gov/.../00011931252406.../d745782dfwp.


https://www.sec.gov/Archives/edgar/data/19617/000119312524060114/d745782dfwp.htm?fbclid=IwY2xjawEuGnZleHRuA2FlbQIxMAABHZT7gkomdWK_GyAT6M4wHQngAPjv2EfJnK6HEFAM3XSIge4VzbFCgW-qQQ_aem_0ID-6rhvTgL-05wxscc5Dg

[BBANBOB]

Yeppers and JUST ""AS POWERLESS as WMIH is to ACQUIRE WMI's ASSETS...........


NO ASSETS OF THE DEBTOR can/will return to the REORGANIZED DEBTOR


PSSSSSSSSSSSSSSSSTTTTTTTTTTTTTTTTTTTTTTT

THAT means WMIH don't get squat imho AND nor does COOP