NEW YORK, Dec. 9, 2020 /CNW/ - Oppenheimer Holdings
Inc. ("OPY") today announced that its Board of Directors has
declared a special cash dividend on OPY Class A non-voting and
Class B voting common stock of $1.00
per share, payable December 30, 2020,
to shareholders of record as of the close of business on
December 23, 2020. The aggregate
payment will be approximately $12.4
million. The special dividend will be funded through
existing cash.
Albert G. Lowenthal, Chairman and
Chief Officer, commented: "We are pleased to recognize the year's
operating results and our improved financial position through the
announcement of a special dividend of $1.00 per share. This will reward shareholders
for their loyalty to the business and prospects of Oppenheimer. We
remain optimistic about the future and continue to dedicate
ourselves to continued growth."
Company Information
Oppenheimer Holdings Inc., through its operating subsidiaries,
is a leading middle market investment bank and full service
broker-dealer that is engaged in a broad range of activities in the
financial services industry, including retail securities brokerage,
institutional sales and trading, investment banking (corporate and
public finance), equity and fixed income research, market-making,
trust services, and investment advisory and asset management
services. With roots tracing back to 1881, the Company is
headquartered in New York and has
93 retail branch offices in the United
States and has institutional businesses located in
London, Tel Aviv, and Hong
Kong.
Forward-Looking Statements
Certain statements in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. OPY cautions that a
number of important factors could cause OPY's actual future results
and other future circumstances to differ materially from those
expressed in any forward-looking statements. Such factors include,
but are not limited to the factors identified in "Factors Affecting
'Forward-Looking Statements'" and Part 1A—"Risk Factors" in OPY's
Annual Report on Form 10-K for the year ended December 31, 2019, and OPY's Quarterly Reports
for the quarters ended March 31,
2020, June 30, 2020 and
September 30, 2020. OPY does not
undertake any obligation to release publicly any revisions to
forward-looking statements made by it to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events.
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SOURCE Oppenheimer Holdings Inc.