Boston Private Financial Holdings, Inc. (NASDAQ:BPFHP) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On December 20, 2017, Boston Private Financial Holdings, Inc. (the “Company”) announced an agreement, effective December 19, 2017, to sell all of its current equity interest in Anchor Capital Advisors LLC, an indirect, majority-owned subsidiary of the Company (“Anchor”), to the management team of Anchor for an upfront cash payment and a non-voting, revenue share participation interest in Anchor. The transaction is expected to close in the first quarter of 2018. Completion of the transaction is subject to Anchor raising financing and obtaining client consents, as well as customary closing conditions. A copy of the press release issued by the Company is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
In addition, an investor presentation describing the above transaction will be available on the Company’s website at www.bostonprivate.com under “Investor Relations.” The investor presentation is furnished herewith as Exhibit 99.2 and is incorporated herein by reference.
The information in this Current Report on Form 8-K furnished under this Item 7.01, including Exhibits 99.1 and 99.2 attached hereto, shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. Furthermore, the information in this Current Report on Form 8-K furnished under this Item 7.01, including Exhibits 99.1 and 99.2 attached hereto, shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.
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Item 9.01. |
Financial Statements and Exhibits. |
Exhibit 99.1Press release dated December 20, 2017.
Exhibit 99.2Investor Presentation dated December 20, 2017.
BOSTON PRIVATE FINANCIAL HOLDINGS INC ExhibitEX-99.1 2 bpfhex991pressrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 Boston Private Financial Holdings,…To view the full exhibit click here