OPY News & Events

Oppenheimer Holdings announced that its Board of Directors has declared a special cash dividend on OPY Class A non-voting and Class B voting common stock of $1.00 per share, payable January 9, 2026, to shareholders of record as of the close of business on December 26, 2025. The aggregate payment will be approximately $10.5M. The special dividend will be funded through OPY's existing cash management activities.

Oppenheimer & Co. announced the expansion of its Custody and Prime Services platform, designed to better serve the evolving needs of small- and mid-sized hedge funds, investment managers, and family offices. As part of this expansion, the firm has integrated its Fixed Income custody business, positioning CAPS as a fully multi-asset platform supporting global fixed income, equities, and listed options. This growth underscores accelerating demand from emerging managers and reflects Oppenheimer's commitment to providing transparent, customizable, and relationship-led solutions. Launched in 2022, CAPS was created to strategically leverage Oppenheimer's self-clearing and custody infrastructure, providing a high-touch, service-oriented offering that aligns with the firm's core strengths: fundamental research, capital markets access, and execution services. Intentionally focused and risk-conscious, the platform is designed for clients seeking high-touch custody and execution support.

Reports Q4 revenue $375.4M vs. $308.3M last year. AUM;was $49.4B vs. $43.9B last year. CEO Albert Lowenthal commented, "The Firm registered strong results of operations for the full year 2024 on the back of record high revenue generated by our diverse businesses. Our reported results were negatively impacted, with full year expense totaling $32.6M pre-tax, by the increase in our stock price in 2024 and its conversion to expense in certain liability awards previously made to employees, making the recent recognition of our stock by investors, a mixed blessing...Equity markets were led by significant increases in the performance of the "Magnificent Seven," propelled by the expectation of the impact of A.I. on the economy in future years. Most economic indicators currently suggest that the economy is well on its way to achieving a "soft landing" as we move into 2025...Overall, we are extremely pleased with the accomplishments that we achieved in 2024. We ended the year with record revenue, AUM, stockholders' equity and book value per share levels, and a significantly de-levered balance sheet after completing the redemption of our Senior Secured Notes earlier in the fourth quarter of 2024. We remain optimistic about our future and look forward to continuing to serve our clients."

Reports Q3 revenue $373.4M vs. $312.7M last year. Albert Lowenthal, Chairman and CEO commented, "The Firm delivered strong operating results for the quarter in a still-resilient economic environment. During the third quarter, all major indices reached new highs, mostly spurred by the Federal Reserve's long-awaited decision to reduce the Federal Funds rate by one half percent with the view that lower borrowing costs will slow the uptick in unemployment without rekindling higher inflation. Based on recent economic indicators, it appears that the U.S. economy is headed for a soft landing, amidst continued growth in the economy as we move into 2025."