Victory Capital (VCTR) Announces New $15M Share Repurchase Authorization

Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that its Board of Directors has approved a new common stock repurchase program authorizing the repurchase of up to $15 million of its Common Stock through December 31, 2023.

“The primary use of our free cashflow remains supporting growth initiatives such as funding strategic acquisitions and reducing debt to enhance balance sheet flexibility,” said David Brown, Chairman and Chief Executive Officer. “Given our ability to generate strong cashflow, we can continue returning capital to shareholders via share repurchases and cash dividends, while simultaneously investing in our business to support future growth.”

The Company’s current $15 million stock repurchase authorization, initiated in May of this year, has been largely completed.

Under the new program, which will commence immediately upon completion of the current program, the Company may purchase its shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors including the price and availability of the Company's shares, trading volume, capital availability, Company performance and general economic and market conditions. The share repurchase program may be suspended or discontinued at any time.

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