Attached files
file | filename |
---|---|
8-K - CURRENT REPORT - SIEBERT FINANCIAL CORP | sieb_8k.htm |
Exhibit
99.1
DRAFT FOR APPROVAL
FROM:
|
SIEBERT FINANCIAL CORP.
|
|
885 Third Avenue
Suite 3100
|
|
New York, NY
10022
|
SIEBERT
FINANCIAL CORP. ANNOUNCES SPECIAL DIVIDEND
NEW
YORK — October 3, 2016 -- Siebert Financial Corp. (NASDAQ:
SIEB) today announced that, in accordance with Siebert
Financial’s prior announcement on September 1, 2016, Siebert
Financial’s Board of Directors has declared a special
dividend in the amount of $.20 per share of outstanding common
stock payable on October 24, 2016, to the shareholders of record on
October 13, 2016.
####
About Siebert Financial Corp.
Siebert
Financial Corp. is a holding company which conducts all of its
brokerage operations through Muriel Siebert & Co., Inc. The
firm became a member of the New York Stock Exchange in 1967, when
Ms. Siebert became the first woman to own a seat on the Exchange.
Siebert Financial is based in New York City with additional retail
branches in Boca Raton, FL and Beverly Hills, CA.
www.siebertnet.com
Siebert does not provide investment, tax or legal advice.
Statements in this press release concerning the Company’s
business outlook or future economic performance, anticipated
profitability, revenues, expenses or other financial items,
together with other statements that are not historical facts, are
“forward-looking statements” as that term is defined
under the Federal Securities Laws. Forward-looking statements are
subject to risks, uncertainties and other factors which could cause
actual results to differ materially from those stated in such
statements. Such risks, uncertainties and other factors include,
changes in general economic and market conditions, fluctuations in
volume and prices of securities, changes and prospects for changes
in interest rates and demand for brokerage and investment banking
services, increases in competition within and without the discount
brokerage business through broader service offerings or otherwise,
competition from electronic discount brokerage firms offering
greater discounts on commissions than Siebert, prevalence of a flat
fee environment, decline in participation in equity or municipal
finance underwriting, decreased ticket volume in the discount
brokerage division, limited trading opportunities, increases in
expenses, changes in net capital or other regulatory requirements.
As a result of these and other factors, Siebert may experience
material fluctuations in its operating results on a quarterly or
annual basis, which could materially and adversely affect its
business, financial condition, operating results, and stock price,
as well as other risks detailed in the Company’s filings with
the Securities and Exchange Commission. Although the Company
believes that the expectations reflected in “forward-looking
statements” are reasonable, it cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, investors are cautioned not to place undue reliance on
any such “forward-looking statements,” and the Company
disclaims any obligation to update the information contained herein
or to publicly announce the result of any revisions to such
“forward-looking statements” to reflect future events
or developments. An investment in Siebert involves various risks,
including those mentioned above and those, which are detailed from
time to time in Siebert’s Securities and Exchange Commission
filings. Copies of the company’s SEC filings may be obtained
by contacting the company or the SEC.
For
more information, please contact:
Rubenstein
Marcia
Horowitz P: 212-843-8014 Email: mhorowitz@rubenstein.com
LHK
Communications LLC / New York
Laura
Hynes-Keller P: +1-212-758-8602 M: +1-646-797-6992
Email:
laurahk@lhkcommunications.com