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Stock impact report

Conifer Holdings Announces Share Repurchase Program of up to One Million Shares

Conifer Holdings, Inc. (CNFR) 
Last conifer holdings, inc. earnings: 2/26 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.cnfrh.com
Company Research Source: GlobeNewswire
BIRMINGHAM, Mich., Dec. 11, 2018 (GLOBE NEWSWIRE) -- Conifer Holdings, Inc. (Nasdaq: CNFR, CNFRL) (“Conifer” or the “Company”) today announced that its Board of Directors has authorized a program to repurchase up to one million shares of the Company’s common stock.  Shares may be purchased in the open market or through negotiated transactions.  The program may be terminated or suspended at any time, at the discretion of the Company. Mr. Jim Petcoff, Chairman and CEO of Conifer, noted, “We believe a repurchase of our shares is an attractive use of our capital given where the stock price is compared to book value.” The Company may in the future enter into a Rule 10b5-1 trading plan to effect a portion of the authorized purchases, if criteria set forth in the plan are met. Such a plan would enable the Company to repurchase its shares during periods outside of its normal trading windows, when the Company typically would not be active in the market. The timing of purchases, and the ex Show less Read more
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