Core Viewpoint - First Financial Northwest, Inc. has declared a final cash liquidation distribution of $1.30 per share as part of its Plan of Dissolution, totaling $23.30 per share distributed to shareholders [1][2]. Group 1: Cash Liquidation Distribution - The final cash liquidation distribution will be payable on December 12, 2025, to shareholders of record as of April 23, 2025 [1]. - The total cash distributions to shareholders, including the final distribution, amount to approximately $215 million [2]. Group 2: Shareholder Requirements - Shareholders holding physical stock certificates must convert them to book-entry accounts to receive their cash liquidation distributions [3]. - Georgeson LLC has been retained to assist in locating shareholders who have not responded to previous communications regarding their shares [3]. Group 3: Tax Implications - Cash liquidation distributions will be reported on Form 1099-DIV for the tax year 2025, with U.S. shareholders recognizing gain or loss based on the difference between cash received and their adjusted tax basis [4]. - Long-term capital gains for non-corporate U.S. holders are generally subject to preferential tax rates [4]. Group 4: Company Background - First Financial Northwest, Inc. is the former holding company of First Financial Northwest Bank, which was sold to Global Federal Credit Union on April 11, 2025 [6]. - The company has delisted its common stock from trading on the Nasdaq Capital Market and closed its stock transfer books effective April 21, 2025, as part of its voluntary dissolution [6].
First Financial Northwest, Inc. Announces Final Cash Liquidation Distribution