Delisting | FIRST FINANCIAL NORTHWEST | 1st May 2025
On April 21, 2025 FIRST FINANCIAL NORTHWEST (the “Company”) announced it has declared an initial liquidating distribution pursuant to its previously announced Plan of Dissolution and has filed a Form 25 regarding the Delisting of its common stock, which was completed on April 22, 2025. The initial liquidating distribution will be payable on April 30, 2025, in the amount of USD 22, representing approximately 95% of the anticipated proceeds to ultimately be distributed. The Company intends to make a final cash distribution to shareholders subject to first completing the wind down of the Company. The Company cannot determine at this time when a final liquidating distribution might be made, nor the final distribution amount. As the final distribution timing and details are currently unknown, and the Company’s common stock has already been delisted from the Nasdaq, in order to maintain replicability, Solactive will remove FIRST FINANCIAL NORTHWEST effective May 1, 2025 (the day following the initial distribution pay date) based on the initial distribution amount of USD 22. Solactive will continue to monitor the event and make further announcements if necessary.
The treatment below will be applied to the following indices:
- FIRST FINANCIAL NORTHWEST will be removed from the Index.
- The weight of FIRST FINANCIAL NORTHWEST (FFNW.OQ) based on deal terms will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 01/05/2025
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