TFS Financial MHC gets Fed non-objection to waive up to $1.13/share dividend through July 2025

TFS Financial CORP

Federal Reserve Bank of Cleveland non-objected to MHC waiver of dividends on its 227M shares (80.9% ownership) up to $1.13/share for 12 months ending July 9, 2025.
MHC members approved waiver on July 9, 2024; 58% of eligible votes cast, with 97% in favor.
Prior similar waiver covered the four quarters ended June 30, 2024 for the same $1.13 per share amount.
Company’s board retains discretion to declare dividends; waiver retains MHC’s forgone dividends within the company, potentially benefiting minority shareholders.

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