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<SEC-DOCUMENT>0000791963-09-000009.txt : 20090511
<SEC-HEADER>0000791963-09-000009.hdr.sgml : 20090511
<ACCEPTANCE-DATETIME>20090511150553
ACCESSION NUMBER:		0000791963-09-000009
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090511
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090511
DATE AS OF CHANGE:		20090511

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
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12043
		FILM NUMBER:		09814414

	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
<SEQUENCE>1
<FILENAME>f8k051109.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Disclosure">
<META NAME="date" CONTENT="05/11/2009">
</HEAD>
<BODY style="line-height:12pt; font-size:10pt; color:#000000">
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:9pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>UNITED STATES</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>SECURITIES AND EXCHANGE COMMISSION</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>WASHINGTON, DC 20549</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>---------------</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>CURRENT REPORT</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>PURSUANT TO SECTION 13 OR 15(d) OF THE</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>SECURITIES EXCHANGE ACT OF 1934</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>Date of report (Date of earliest event reported): <B>May 11, 2009</B></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B><U>OPPENHEIMER HOLDINGS INC.</U></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(Exact Name of Company as Specified in Charter)</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=199.333><P style="margin:0pt; font-family:Times New Roman" align=center><B>Delaware</B></P>
</TD><TD valign=top width=220.733><P style="margin:0pt; font-family:Times New Roman" align=center><B>1-12043 </B></P>
</TD><TD valign=top width=199.133><P style="margin:0pt; font-family:Times New Roman" align=center><B>98-0080034</B></P>
</TD></TR>
<TR><TD valign=top width=199.333><P style="margin:0pt; font-family:Times New Roman" align=center>(State or Other Jurisdiction</P>
</TD><TD valign=top width=220.733><P style="margin:0pt; font-family:Times New Roman" align=center>(Commission File</P>
</TD><TD valign=top width=199.133><P style="margin:0pt; font-family:Times New Roman" align=center>(IRS Employer</P>
</TD></TR>
<TR><TD valign=top width=199.333><P style="margin:0pt; font-family:Times New Roman" align=center>of Incorporation)</P>
</TD><TD valign=top width=220.733><P style="margin:0pt; font-family:Times New Roman" align=center>Number)</P>
</TD><TD valign=top width=199.133><P style="margin:0pt; font-family:Times New Roman" align=center>Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>125 Broad Street</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>New York, NY 10004</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(Address of Principal Executive Offices) (Zip Code)</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(416) 322-1515</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(Company's telephone number, including area code)</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; padding-bottom:3pt; font-family:Times New Roman; border-bottom:1.5pt solid #000000" align=center>N/A</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>(Former name or former address, if changed since last report.)</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:9pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions: </P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">&#9633; &nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0pt; font-family:Times New Roman">&#9633; &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0pt; font-family:Times New Roman">&#9633; &nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0pt; font-family:Times New Roman">&#9633; &nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:9pt"><BR>
<BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman">1</P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt">A/72998908.7<BIG> </BIG></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman"><BR></P>
<P style="page-break-before:always; margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 8.01 &nbsp;Other Events.</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><B><BR></B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>At the Annual and Special Meeting of Shareholders of Oppenheimer Holdings Inc. (&#8220;Oppenheimer Canada&#148;) on May 8, 2009, Oppenheimer Canada&#146;s shareholders approved the proposed change of jurisdiction of incorporation of Oppenheimer Canada from the federal jurisdiction of Canada to the State of Delaware in the United States (the &#147;Domestication&#148;). Following the approval by the Oppenheimer Canada shareholders, the Domestication was effected on May 11, 2009. As a result, Oppenheimer Canada became a Delaware corporation (&#147;Oppenheimer Delaware&#148;), and adopted the Certificate of Incorporation and By-laws as approved by the shareholders of Oppenheimer Canada at the Annual and Special Meeting of Shareholders. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Upon the effectiveness of the Domestication, each of Oppenheimer Canada&#146;s Class A non-voting shares, no par value per share, &nbsp;outstanding immediately prior to the Domestication became one fully paid and non-assessable share of Class A non-voting common stock, par value $0.001 per share, of Oppenheimer Delaware, and each of Oppenheimer Canada&#146;s Class B voting shares, no par value per share, outstanding immediately prior to the Domestication became one fully paid and non-assessable share of Class B voting common stock, par value $0.001 per share, of Oppenheimer Delaware. &nbsp;&nbsp;&nbsp;Share certificates representing shares in Oppenheimer Canada prior to the Domestication now represent the same number of shares in Oppenheimer Delaware. Accordingly, shareholders are not required to exchange their Oppenheimer Canada share certificates. However, shareholders who wish to receive Oppenheimer Delaware
 stock certificates in exchange for their Oppenheimer Canada share certificates may do so by submitting the certificates they wish to exchange to Oppenheimer Delaware&#146;s transfer agent, CIBC Mellon Trust Company at P.O. Box 7010, Adelaide Street Postal Station, Toronto, Ontario, Canada M5C 2W9 or Mellon Investor Services, Inc. at 85 Challenger Road, Ridgefield Park, New Jersey, and requesting new certificates. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Prior to the Domestication, Oppenheimer Canada&#146;s Class A non-voting shares were traded on the New York Stock Exchange under the symbol &#147;OPY.&#148; &nbsp;Following the Domestication, Oppenheimer Delaware&#146;s Class A non-voting common stock will continue to be listed on the New York Stock Exchange under the symbol &#147;OPY&#148; and will be registered under Section 12(b) of the Securities Exchange Act of 1934, as amended. &nbsp;The CUSIP number for the Class A non-voting common stock of Oppenheimer Delaware will remain the same.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>Additional information about the Domestication and a comparison of the rights of stockholders of Oppenheimer Canada and Oppenheimer Delaware can be found in Oppenheimer Canada&#146;s proxy statement, filed with the Securities and Exchange Commission on April 2, 2009, and available on the Oppenheimer Holdings Inc. website www.opco.com.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>On May 11, 2009, Oppenheimer Holdings Inc. issued a press release announcing the consummation of the Domestication. A copy of this press release has filed with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><B><BR>
<BR></B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman">2</P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt">A/72998908.7<BIG> </BIG></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman"><BR></P>
<P style="page-break-before:always; margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 9.01 &nbsp;Financial Statements and Exhibits</B> </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">(d) Exhibits </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><U>Exhibit No.</U></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:108pt; font-family:Times New Roman"><U>Description</U></P>
<U><P style="margin:0pt; text-indent:432pt; font-family:Times New Roman"><BR></U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">99.1 &nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Press Release, dated May 11, 2009, regarding the change of jurisdiction of </P>
<P style="margin:0pt; text-indent:504pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;&nbsp;incorporation of Oppenheimer Holdings Inc. from Canada to the &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State of Delaware &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>SIGNATURES</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">Pursuant to the requirements of the Securities Exchange Act of 1934, the Company 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"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=301 colspan=3>&nbsp;</TD><TD valign=top width=23.2><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD valign=bottom width=16><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=200><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><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=16><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD width=143><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD width=23.2><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD width=16><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD width=200><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD width=142><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=16><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD width=143><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD width=23.2><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD width=16><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD><TD width=200><P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=301 colspan=3><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Date: May 11, 2009</P>
</TD><TD valign=top width=23.2><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>By: &nbsp;&nbsp;</P>
</TD><TD valign=bottom width=16><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=top width=200><P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&#147;E.K. Roberts&#148;</P>
</TD></TR>
<TR><TD width=142><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=16>&nbsp;</TD><TD width=143><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=23.2><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=16><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=200><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><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=16><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=143><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD width=23.2><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=16><P style="margin:0pt; font-family:Times New Roman; font-size:11pt">&nbsp;</P>
</TD><TD valign=bottom width=200><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)</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman"><U><BR></U></P>
<P style="margin:0pt; font-family:Times New Roman"><U><BR>
<BR></U></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman">3</P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt">A/72998908.7<BIG> </BIG></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman"><BR></P>
<P style="page-break-before:always; margin:0pt; font-family:Times New Roman"><U><BR></U></P>
<P style="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" align=center><U><BR></U></P>
<P style="margin:0pt; font-family:Times New Roman"><U><BR></U></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><U>Exhibit No.</U></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:108pt; font-family:Times New Roman"><U>Description</U></P>
<U><P style="margin:0pt; text-indent:432pt; font-family:Times New Roman"><BR></U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">99.1 &nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-13pt; text-indent:108pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Press Release, dated May 11, 2009, regarding the change of jurisdiction of </P>
<P style="margin:0pt; text-indent:504pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">&nbsp;&nbsp;incorporation of Oppenheimer Holdings Inc. from Canada to the &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State of Delaware &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>
<BR></B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman">4</P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt">A/72998908.7<BIG> </BIG></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman"><BR></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>pr051109.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Oppenheimer Shareholders Approve Domestication</TITLE>
<META NAME="author" CONTENT="Lowentha">
<META NAME="date" CONTENT="05/11/2009">
</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">Exhibit 99.1</P>
<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; font-family:Times New Roman; font-size:12pt; color:#00007F"><BR></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; font-size:12pt" align=center><B><BR></B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Oppenheimer Shareholders Approve Move to the United States</B></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" align=justify>May 11, 2009, Toronto and New York. Oppenheimer Holdings Inc. announced today that its shareholders have approved a proposition to move the domicile of the corporation from Canada to the United States.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>As previously disclosed, the Company had requested that the holders of its Class A non-voting and Class B voting shares, voting as single class, approve the move. The proposition was approved by a wide margin (85.8% for and 5.8% against). There were no dissenting shareholders.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>As a result of the approval, the Company will incur a tax payable to the Government of Canada arising from the continuance in the amount of approximately U.S. $2 million. &nbsp;The requirement to pay the tax was previously disclosed. </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Albert Lowenthal, Chairman &amp; CEO stated, &#147;We are gratified with our shareholders overwhelming support to move Oppenheimer to the United States. We are confident that this move will have a long-term positive impact on the Company.&#148; </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 94 offices in 26 states and through local broker-dealers in 4 foreign jurisdictions. Oppenheimer employs over 3,500 people. &nbsp;The Company offers trust and estate services through Oppenheimer Trust Company. OPY Credit Corp. offers syndication as well as trading of issued corporate loans. Evanston Financial Corporation is engaged in mortgage brokerage and servicing. In addition, through 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:18.2pt; font-family:Times New Roman; font-size:12pt" align=justify>For further information, please contact: </P>
<P style="margin:0pt; line-height:18.2pt; font-family:Times New Roman; font-size:12pt" align=justify>A.G. Lowenthal 212 668-8000 or E.K. Roberts 416 322-1515</P>
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