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Stock impact report

Mutual Holding Company for TFS Financial Corporation To Seek Member Approval for Dividend Waivers

TFS Financial Corporation (TFSL) 
Last tfs financial corporation earnings: 4/30 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.thirdfederal.com
Company Research Source: Business Wire
CLEVELAND--(BUSINESS WIRE)--TFS Financial Corporation (Nasdaq: TFSL), (the “Company”), the holding company for Third Federal Savings and Loan Association of Cleveland, announced that Third Federal Savings and Loan Association of Cleveland, MHC, (the “MHC”), the mutual holding company that owns 80.9% of the Company’s outstanding common stock, will hold a special meeting of its members. The meeting will include a vote on a proposal to waive the MHC’s right to receive quarterly dividends totaling up to $1.13 per share that may be declared by the Company during the 12-month period following the member vote. All dividends on the Company’s common stock are declared at the discretion of the Company’s Board of Directors. The special meeting will be held on July 9, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240530012821/en/Chairman and CEO Marc A. Stefanski (Photo: Business Wire)Federal Reserve Regulation MM, 12 C.F.R. Show less Read more
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