NEW YORK, May 31, 2023 /PRNewswire/ -- Oppenheimer Holdings Inc. (the "Company" or "Oppenheimer") (NYSE: OPY) announced today the commencement of a modified "Dutch Auction" tender offer (the "Offer") to purchase up to $30,000,000 million of its Class A non-voting common stock (the "Shares") at a price not less than $34.00 per Share or more than $40.00 per Share to the seller in cash, less any applicable withholding taxes and without interest. The number of Shares proposed to be purchased in the Offer (at a minimum purchase price of $34.00 per Share) represents approximately 8.05% of Oppenheimer's currently outstanding Shares. The closing price per Share of Oppenheimer's Shares on the New York Stock Exchange on May 30, 2023, the last full trading day prior to the commencement of the Offer, was $36.02 per Share. The Offer is being made in accordance with the terms and subject to the conditions described in the Offer to Purchase, the related Letter of Transmittal and other related Offer materials, as each may be amended or supplemented from time to time.