- First Financial Northwest (FFNW, Financial) declares a $22.00 per share initial liquidating distribution as part of its Plan of Dissolution.
- The company is set to delist from the Nasdaq Capital Market, with stock transfer books already closed.
- Total shareholder distributions are anticipated to range between $23.06 to $23.34 per share, pending the final settlement of obligations.
First Financial Northwest, Inc. (FFNW) has announced an initial liquidating distribution of $22.00 per share, amounting to approximately $203 million. This is aligned with the company's Plan of Dissolution, representing around 95% of the expected total payout to shareholders. The distribution is scheduled for April 30, 2025, to those recorded as shareholders by April 23, 2025.
Alongside the distribution announcement, FFNW has finalized the closure of its stock transfer books and submitted Form 25 to the SEC, marking its delisting from the Nasdaq Capital Market. The company aims to file Form 15 around May 1, 2025, to halt its periodic reporting requirements, effectively ending its status as a publicly traded company.
Future distributions to shareholders of FFNW are projected to lie between $23.06 and $23.34 per share. This range remains subject to the resolution of various liabilities, taxes, and other financial obligations. The definitive date for the final distribution has not been established. Computershare is designated as the paying agent for these liquidations.
