NYCB exchanges 127,955 Series B preferred shares for 42.65M common shares with Liberty 77 and Hudson Bay

FLAGSTAR BANK, NATIONAL ASSOCIATION

Liberty exchanged 114,355 Series B shares for 38,118,329 common shares; Hudson Bay exchanged 13,600 Series B shares for 4,533,331 common shares.
After the exchange, Liberty holds no Series B shares; Hudson Bay holds 750 Series B shares convertible into ~249,999 common shares.
Common shares outstanding post-exchange: 415,261,212; the transaction was completed on Sept 23, 2024.
The Series B shares exchanged were originally issued in NYCB's ~$1.05B capital raise in March 2024.

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