Oppenheimer Holdings Launches New Buyback Plan

Oppenheimer Holdings (OPY) has released an update.

Oppenheimer Holdings Inc. has announced a new share repurchase program, allowing the company to buy back up to 518,000 of its Class A non-voting common stock, in addition to the remaining shares from a previous repurchase authorization, totaling 638,155 shares available for repurchase. The buybacks will occur in the open market and are not subject to a fixed schedule, hinging on market conditions and managerial discretion. Shares acquired under this program will be canceled, emphasizing the company’s commitment to enhancing shareholder value.

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