Victory Capital Announces New $100 Million Share Repurchase Program
March 15 2023 - 8:00AM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that its Board of Directors has
approved a new common stock repurchase program authorizing the
repurchase of up to $100 million of its Common Stock through March
31, 2025.
“This new repurchase authorization allows us to remain flexible
and opportunistic with our capital allocation,” said David Brown,
Chairman and Chief Executive Officer.
The Company’s former $100 million stock repurchase
authorization, initiated in May of 2022, has been completed.
Under the new program, the Company may purchase its shares from
time to time in the open market or in privately negotiated
transactions. The amount and timing of the purchases will depend on
a number of factors including the price and availability of the
Company's shares, trading volume, capital availability, Company
performance and general economic and market conditions. The share
repurchase program may be suspended or discontinued at any
time.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $157.7 billion in assets under management as of February 28,
2023. It was ranked No. 55 on the Fortune 100 Fastest-Growing
Companies list for 2022 and is one of only 24 companies to make the
list for the second consecutive year. The Company operates a
next-generation business model combining boutique investment
qualities with the benefits of a fully integrated, centralized
operating and distribution platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 12 autonomous Investment Franchises and a Solutions
Platform, Victory Capital offers a wide array of investment
products, including mutual funds, ETFs, separately managed
accounts, alternative investments, third-party ETF model
strategies, collective investment trusts, private funds, and a 529
Education Savings Plan.
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services of, Victory Capital Holdings, Inc.
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traded companies in revenues, profits and stock returns over the
three-year period ended April 30, 2022.
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