Oppenheimer Holdings authorizes repurchase of up to 550,000 Class A non-voting shares

OPPENHEIMER HOLDINGS INC

New program covers ~4.6% of outstanding Class A non-voting shares (11,863,559 shares outstanding).
Combined with remaining 71,893 shares from prior authorization, total 621,893 shares available for repurchase.
Repurchases will be made in open market with cash; shares to be cancelled.
Program is expected to continue indefinitely; management determines timing and amounts.

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