TFS Financial MHC to seek member vote on dividend waiver up to $1.13/share on July 11, 2023

TFS Financial CORP

MHC owns 81.0% of TFSL common stock; waiver allows dividends to public shareholders.
Special meeting of MHC members on July 11, 2023 to vote on waiving up to $1.13/share in quarterly dividends for 12 months.
Failure to obtain waiver likely reduces dividends paid to public stockholders.
Annual vote required by Federal Reserve Regulation MM; prior approval obtained in July 2022.
Dividend declarations remain at discretion of Board of Directors.

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