TFS Financial Corporation - Member Vote on Dividend Waivers

TFS Financial Corporation announced that its mutual holding company, Third Federal Savings and Loan Association of Cleveland, MHC, will hold a special meeting on July 7, 2026, for members to vote on a proposal to waive the MHC's right to receive up to $1.27 per share in quarterly dividends from the Company over the next 12 months. This vote is a requirement under Federal Reserve Regulation MM. The MHC previously received member approval for similar waivers in July 2025. Chairman and CEO Marc A. Stefanski stated that waiving the dividend is believed to be in the best interest of customers, shareholders, and the company. Failure to obtain member approval or a potential objection from the Federal Reserve could result in reduced dividends for public stockholders. As of March 31, 2026, TFS Financial Corporation had total assets of $17.48 billion.