13D Filing: Lion Point and Ditech Holding Corp (DHCP)

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On the Effective Date, the Chapter 11 Plan became effective pursuant to its terms and the Company emerged from
bankruptcy. On February 9, 2018, the Issuer filed a Form 8-K with the Securities and Exchange Commission describing the material terms of the Issuers emergence from bankruptcy. Among other things,
on the Effective Date, the Issuer issued the following equity and equity-linked securities:

4,252,500 Shares;

100,000 shares of Mandatorily Convertible Preferred Stock, face amount $1,000, convertible into 11,497,500 Shares;

Series A Warrants, exercisable for 7,245,000 Shares; and

Series B Warrants, exercisable for 5,748,750 Shares.

The Series A Warrants are exercisable at a strike price
equal to $20.63 per Share and may be exercised beginning on February 9, 2018 through February 9, 2028. The Series B Warrants are exercisable at a strike price equal to $28.25 per Share and may be exercised beginning on February 9,
2018 through February 9, 2028.

Pursuant to the Chapter 11 Plan, the Reporting Persons received Shares, Mandatorily Convertible Preferred Stock, New
Second Lien Notes, Series A Warrants and Series B Warrants as set forth in Item 5 below.

Item 5.

Interest in Securities of the Issuer

The aggregate percentage of Shares reported owned by each
person named herein is based upon 4,252,500 Shares outstanding as of February 9, 2018.

A. Lion Point

(a)    As of the close of business on the date hereof, Lion Point beneficially owned 1,443,687 Shares, consisting of (i) 185,906 Shares,
(ii) 689,735 Shares underlying the Mandatorily Convertible Preferred Stock, (iii) 316,729 Shares underlying Series A Warrants and (iv) 251,317 Shares underlying Series B Warrants, constituting beneficial ownership (calculated per Rule 13d-3(d)(1)) of approximately 26.2% of the Shares. Lion Point has not entered into any transactions in the Shares during the past sixty days other than in connection with the implementation of the Chapter 11 Plan.

The Reporting Persons beneficial ownership, as calculated in accordance with the SEC rules, is approximately 26.2%, but this percentage does not
accurately reflect the voting power of the Reporting Persons. At all times, the Issuers Mandatorily Convertible Preferred Stock votes on an as-converted basis with the Shares, whether or not such
preferred stock has been converted. As a result, the Reporting Persons actual voting power, assuming full conversion of the Series A Warrants and the Series B Warrants held by the Reporting Persons only, is approximately 8.8% based on the
holdings reported herein.