Oppenheimer Holdings authorizes repurchase of up to 536,500 shares (4.8% of outstanding)

OPPENHEIMER HOLDINGS INC

Board authorized repurchase of up to 536,500 Class A non-voting shares (~4.8% of 11,251,930 outstanding).
This supplements 4,278 remaining shares from prior program for total 540,778 shares authorized.
Purchases will be made in open market at prevailing prices using cash on hand; shares canceled.
Program is indefinite; management will determine timing and amounts based on market conditions.

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