Victory Capital Holdings, Inc. (NASDAQ:) (“Victory Capital” or the “Company”) today announced that its Board of Directors has approved a new common stock repurchase program authorizing the repurchase of up to $100 million of its Common Stock through March 31, 2025.

“This new repurchase authorization allows us to remain flexible and opportunistic with our capital allocation,” said David Brown, Chairman and Chief Executive Officer.

The Company’s former $100 million stock repurchase authorization, initiated in May of 2022, has been completed.

Under the new program, the Company may purchase its shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors including the price and availability of the Company’s shares, trading volume, capital availability, Company performance and general economic and market conditions. The share repurchase program may be suspended or discontinued at any time.