Ponce Financial gets option to repurchase 225,000 Treasury preferred shares at expected discount

Ponce Financial Group, Inc.

Granted option to repurchase 225,000 shares of Treasury preferred stock issued under ECIP on June 7, 2022.
Purchase price equals present value of expected payments plus accrued dividends; company expects substantial discount from face value.
Exercise requires at least one threshold condition: Deep Impact Lending (avg ≥60%), Qualified Lending (avg ≥85%), or dividend rate ≤0.5% at six reset dates.
Current status: 9 consecutive quarters meeting both Deep Impact and Qualified Lending conditions; preferred dividend rate is 0.5%.
Earliest possible threshold date is June 30, 2026; option period runs 15 years from Original Closing Date.

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