TFS Financial shareholders approve up to $1.27/share dividend waiver request

TFS Financial announced members approved waiver of dividends aggregating up to $1.27 per share for 12 months.

Key Highlights:

• Members of the mutual holding company approved waiving dividends totaling up to $1.27 per share through July 7, 2027.
• The waiver received support from members casting 59% of eligible votes, with 97% of votes cast in favor.
• The MHC, which holds 81% of TFS Financial, will seek non-objection from the Federal Reserve Bank of Cleveland.
• Timing and receipt of the Fed's non-objection are currently unknown and will determine implementation.

Original SEC Filing:

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