OppFi declares $0.12 special dividend and $20M share repurchase program

OppFi Inc.

$0.12 special dividend per share payable May 1, 2024; record date April 19, 2024.
Board authorized new $20M share repurchase program expiring April 2027; open market or private transactions.
CEO Todd Schwartz states stock price disconnected from intrinsic value; buyback aims to support stockholders.
Special distribution of $0.12 per unit also approved for Opportunity Financial's Class A common units; earnout units excluded unless vested.
Repurchase program triggers redemption of one Class A common unit per share bought, changing ownership structure of subsidiary.

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