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<SEC-DOCUMENT>0000791963-09-000006.txt : 20090311
<SEC-HEADER>0000791963-09-000006.hdr.sgml : 20090311
<ACCEPTANCE-DATETIME>20090311114143
ACCESSION NUMBER:		0000791963-09-000006
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090310
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20090311
DATE AS OF CHANGE:		20090311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPPENHEIMER HOLDINGS INC
		CENTRAL INDEX KEY:			0000791963
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				980080034
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12043
		FILM NUMBER:		09671665

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1110, P.O. BOX 2015
		STREET 2:		20 EGLINTON AVE. WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M4R 1K8
		BUSINESS PHONE:		(416)322-1515

	MAIL ADDRESS:	
		STREET 1:		PO BOX 2015 SUITE 1110
		STREET 2:		20 EGLINTON AVENUE WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M4R 1K8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FAHNESTOCK VINER HOLDINGS INC
		DATE OF NAME CHANGE:	19950725

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VINER E A HOLDINGS LTD
		DATE OF NAME CHANGE:	19880622

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GOLDALE INVESTMENTS LTD
		DATE OF NAME CHANGE:	19861030
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>f8ka031109.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="date" CONTENT="03/11/2009">
</HEAD>
<BODY style="line-height:12pt; font-size:10pt; color:#000000">
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; line-height:15.5pt; font-family:Times New Roman; font-size:13.5pt" align=center><B>UNITED STATES </B></P>
<P style="margin:0pt; line-height:15.5pt; font-family:Times New Roman; font-size:13.5pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Washington, D.C. 20549 </B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:18pt" align=center><B>Form 8-K/A </B></P>
<P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:18pt" align=center><B>Amendment No. 1</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; line-height:15.5pt; font-family:Times New Roman; font-size:13.5pt" align=center><B>Current Report </B></P>
<P style="margin:0pt; line-height:15.5pt; font-family:Times New Roman; font-size:13.5pt" align=center><B>Pursuant to Section 13 or 15(d) of the </B></P>
<P style="margin:0pt; line-height:15.5pt; font-family:Times New Roman; font-size:13.5pt" align=center><B>Securities Exchange Act of 1934 </B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Date of Report (Date of earliest event reported):&nbsp;&nbsp;March 10, 2009</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>OPPENHEIMER HOLDINGS INC. </B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(Exact name of registrant as specified in its charter)</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Commission File Number:&nbsp;&nbsp; 1-12043 </B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=bottom width=339.867><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Ontario, Canada</B> </P>
</TD><TD valign=bottom width=17.267><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;&nbsp;<BIG>&nbsp;</BIG></P>
</TD><TD valign=bottom width=218.867><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>98-0080034</B></P>
</TD></TR>
<TR><TD valign=top width=339.867><P style="margin:0pt; text-indent:-12.25pt; font-family:Times New Roman" align=center><B>(State or other jurisdiction of</B> </P>
</TD><TD valign=bottom width=17.267><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;&nbsp;<BIG>&nbsp;</BIG></P>
</TD><TD valign=bottom width=218.867><P style="margin:0pt; font-family:Times New Roman" align=center><B>(IRS Employer</B> </P>
</TD></TR>
<TR><TD valign=top width=339.867><P style="margin:0pt; text-indent:-12.25pt; font-family:Times New Roman" align=center><B>incorporation)</B> </P>
</TD><TD valign=bottom width=17.267><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;&nbsp;<BIG>&nbsp;</BIG></P>
</TD><TD valign=bottom width=218.867><P style="margin:0pt; font-family:Times New Roman" align=center><B>Identification No.)</B> </P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>PO Box 2015, Suite 1110</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>20 Eglinton Avenue West</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Toronto Ontario Canada &nbsp;M4R 1K8</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(Address of principal executive offices, including zip code)</B> </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>(416) 322-1515 </B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(Registrant&#146;s telephone number, including area code)</B> </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(Former name or former address, if changed since last report) </B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;<BIG>&nbsp;</BIG></P>
<P style="margin-top:0pt; margin-bottom:12pt; font-family:Times New Roman"><B>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</B></P>
<P style="margin:0pt; font-family:Times New Roman"><B>[X]&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR>
<BR>
[&nbsp;&nbsp;]&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
[&nbsp;&nbsp;]&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
[&nbsp;&nbsp;]&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;<BIG>&nbsp;</BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:7.5pt">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Explanatory Note</B></P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt">The original filing included<B> </B>an incorrect reference to Class B non-voting share in the press release attached as Exhibit 99.1 thereto. The Class B shares are Class B voting shares.<B> </B>A corrected press release appears as an exhibit hereto.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><B><BR>
<BR></B></P>
<P style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:11pt"><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B> </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(d) &nbsp;Exhibits.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>Exhibit No.</U></P>
<P style="margin:0pt; text-indent:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>Description</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:108pt; text-indent:-108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">99.1</P>
<P style="margin:0pt; padding-left:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Oppenheimer Holdings Inc. Amended Press Release dated March 11, 2009</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin-top:4.6pt; margin-bottom:4.6pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>&nbsp;&nbsp;</P>
<P style="margin-top:4.6pt; margin-bottom:4.6pt; font-family:Times New Roman; font-size:11pt" align=center><BR>
<BR></P>
<P style="page-break-before:always; margin-top:4.6pt; margin-bottom:4.6pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0pt; text-indent:24.5pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=301.933 colspan=3>&nbsp;</TD><TD valign=top width=21.2>&nbsp;</TD><TD valign=bottom width=16.533><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=200.067><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Oppenheimer Holdings Inc. </B></P>
</TD></TR>
<TR><TD width=142.733><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=16.467>&nbsp;</TD><TD width=142.733>&nbsp;</TD><TD width=21.2>&nbsp;</TD><TD width=16.533>&nbsp;</TD><TD width=200.067>&nbsp;</TD></TR>
<TR><TD width=142.733><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=16.467>&nbsp;</TD><TD width=142.733>&nbsp;</TD><TD width=21.2>&nbsp;</TD><TD width=16.533>&nbsp;</TD><TD width=200.067>&nbsp;</TD></TR>
<TR><TD valign=top width=301.933 colspan=3><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Date: March 11, 2009</P>
</TD><TD valign=top width=21.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>By: </P>
</TD><TD valign=bottom width=16.533><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=200.067><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">/s/&nbsp;E.K. Roberts</P>
</TD></TR>
<TR><TD width=142.733><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=16.467><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=142.733><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=21.2><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=16.533><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=200.067><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">E.K. Roberts </P>
</TD></TR>
<TR><TD width=142.733><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=16.467><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=142.733><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=21.2><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=16.533><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=200.067><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">President and Treasurer</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(Duly Authorized Officer and Principal Financial Officer)</P>
</TD></TR>
<TR><TD width=142.733><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=16.467>&nbsp;</TD><TD width=142.733>&nbsp;</TD><TD width=21.2>&nbsp;</TD><TD width=16.533>&nbsp;</TD><TD width=200.067>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR>
<BR></P>
<P style="page-break-before:always; margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>EXHIBIT INDEX</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>Exhibit No.</U></P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><U>Description</U></P>
<U><P style="margin:0pt; text-indent:396pt; font-family:Times New Roman; font-size:11pt"><BR></U></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; padding-left:108pt; text-indent:-108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">99.1 &nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; padding-left:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Oppenheimer Holdings Inc. Amended Press Release issued March 11, 2009</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>PRESS RELEASE</TITLE>
<META NAME="author" CONTENT="robertse">
<META NAME="date" CONTENT="03/11/2009">
</HEAD>
<BODY style="line-height:12pt; font-size:10pt; color:#000000">
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>PRESS RELEASE</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=right><B>OPY on the NYSE</B></P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin:0pt; line-height:16pt; font-family:Times New Roman Bold; font-size:14pt" align=center><B>Oppenheimer Holdings Inc. to Move to the United States</B></P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><B><BR></B></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>March 11, 2009, New York and Toronto. Oppenheimer Holdings Inc. (&#147;Oppenheimer&#148;) announced today its intention to seek shareholder approval to change its jurisdiction of incorporation from Canada to the United States. </P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Substantially all of Oppenheimer&#146;s business is conducted in the United States. In addition, the principal reasons for the proposed change in jurisdiction are as follows:</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-36pt; line-height:14pt; font-family:Symbol; font-size:12pt" align=justify>&#183;</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:72pt; line-height:14pt; font-family:Symbol; font-size:12pt" align=justify><FONT FACE="Times New Roman">The simplification of the overall corporate structure of Oppenheimer and the anticipated tax efficiencies and other benefits;</FONT></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-36pt; line-height:14pt; font-family:Symbol; font-size:12pt" align=justify>&#183;</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:72pt; line-height:14pt; font-family:Symbol; font-size:12pt" align=justify><FONT FACE="Times New Roman">Greater acceptance of Oppenheimer in the capital markets and improved marketability of its Class A Shares, which may enhance shareholder value over the long term;</FONT></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-36pt; line-height:14pt; font-family:Symbol; font-size:12pt" align=justify>&#183;</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:72pt; line-height:14pt; font-family:Symbol; font-size:12pt" align=justify><FONT FACE="Times New Roman">Potential eligibility to participate in US government financed programs that are limited to entities organized in the United States; and</FONT></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-36pt; line-height:14pt; font-family:Symbol; font-size:12pt" align=justify>&#183;</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:72pt; line-height:14pt; font-family:Symbol; font-size:12pt" align=justify><FONT FACE="Times New Roman">The favorable corporate environment in Delaware, including timely revisions to its statutes in response to corporate developments and the sophistication of its courts, should assist us in competing more effectively.</FONT></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In commenting on the proposed change in jurisdiction, Albert G. Lowenthal, Chairman said: &#147;For many years, we have discussed the desirability of having both our holding company and our principal businesses located in the United States. &nbsp;We believe that the achievement of our strategic goals would be enhanced by our clear and unambiguous identification as a U. S. corporation. It is a matter of corporate history that we found ourselves in Canada, but the confluence of a number of factors makes this an opportune time to make this change. Having both our holding company and our business operating in the U.S will make our structure more understandable to &nbsp;investors and others and may make our firm eligible for much publicized government programs, all at a cost to the company that is affordable. We look forward to a favorable vote of our shareholders at our upcoming annual meeti
ng.&#148;</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On March 10,&nbsp;2009, the Board of Directors of Oppenheimer Holdings Inc. approved a change of the jurisdiction of incorporation of Oppenheimer from the federal jurisdiction of Canada to the State of Delaware, subject to the approval of Oppenheimer&#146;s shareholders. &nbsp;The change of jurisdiction is expected to be accomplished through a &#147;domestication&#148; under Delaware law. &nbsp;The domestication requires the affirmative vote of holders of at least two-thirds of the votes cast by the holders of Oppenheimer Class&nbsp;A non-voting and Class&nbsp;B voting shares, at a meeting at which a majority of the total outstanding Class A shares and Class B shares is present, voting together as a single class. &nbsp;It is anticipated that the domestication will occur in the second quarter of 2009, subject to receipt of shareholder approval, the authorization of the Director under the 
Canada Business Corporations Act and the filing of a certificate of corporate domestication and a certificate of incorporation with the State of Delaware. &nbsp;Following completion of the domestication, the Class A non-voting common stock of the Delaware corporation (which will continue to be named Oppenheimer Holdings Inc.) will be listed on the New York Stock Exchange under the symbol &#147;OPY.&#148; </P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The Board has reviewed the costs associated with the transaction, including any associated tax liability, and believes that the reasons described above justify the costs that Oppenheimer will incur in connection with the domestication. &nbsp;Additionally, the Board has reserved the right to terminate or abandon the domestication at any time prior to effectiveness, if it determines for any reason that the consummation of the domestication would be inadvisable or not in the best interests of Oppenheimer&#146;s shareholders.</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>For purposes of Delaware law, upon its Delaware domestication Oppenheimer will be deemed to be the same entity as it was in Canada and will continue to hold the same assets, property, rights, liabilities and obligations. &nbsp;The domestication will not interrupt the trading market for Oppenheimer&#146;s Class&nbsp;A non-voting shares and each outstanding Class&nbsp;A non-voting share and Class&nbsp;B voting share will remain issued and outstanding as shares of the Delaware corporation. &nbsp;Oppenheimer&#146;s executive officers and directors will remain unchanged.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Oppenheimer intends to file with the U.S. Securities and Exchange Commission (the &#147;SEC&#148;) a preliminary proxy statement in connection with the proposed domestication and to mail a definitive proxy statement and other relevant documents to Oppenheimer shareholders. &nbsp;Shareholders of Oppenheimer and other interested persons are advised to read, when available, Oppenheimer&#146;s preliminary proxy statement, and amendments thereto, and definitive proxy statement in connection with Oppenheimer&#146;s solicitation of proxies for the meeting to be held to approve the proposed domestication because these proxy statements will contain important information about Oppenheimer and the proposed domestication. &nbsp;The definitive proxy statement will be mailed to shareholders as of a record date to be established for voting on the proposed domestication. &nbsp;Shareholders also will be able to obtain a copy
 of the preliminary and definitive proxy statements, without charge, once available, at the SEC&#146;s internet site at http://www.sec.gov or by directing a request to: &nbsp;Oppenheimer Holdings Inc., P.O. Box 2015, Suite 1110, 20 Eglinton Avenue West, Toronto, Ontario, Canada M4R 1K8, telephone (416) 322-1515.</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Oppenheimer, through its principal subsidiaries, Oppenheimer &amp; Co. Inc. (a U.S. broker-dealer) and Oppenheimer Asset Management Inc., offers a wide range of investment banking, securities, investment management and wealth management services from over 86 offices in 21 states and through local broker-dealers in 4 foreign jurisdictions. Oppenheimer Credit Corp. offers syndication as well as trading of issued corporate loans. Oppenheimer employs over 3,300 people. Oppenheimer offers trust and estate services through OPY Trust Company. Evanston Financial Corporation is engaged in mortgage brokerage and servicing. In addition, through its subsidiary, Freedom Investments, Inc. and the BUYandHOLD division of Freedom, Oppenheimer offers online discount brokerage and dollar-based investing services.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><I>This press release includes certain &#147;forward-looking statements&#148; relating to anticipated future performance. &nbsp;For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Oppenheimer&#146;s Annual Report on Form 10-K for the year ended December 31, 2008.</I></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">For further information, please contact Brian Maddox at (212) 850-5661.</P>
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