Kearny Financial just filed a prospectus, suggesting it plans to soon issue some securities

Kearny Financial just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

424B3 1 d476891d424b3.htm 424B3 424B3 Table of Contents Filed Pursuant to 424(b)(3)Registration No. 333-222038                   MERGER PROPOSED—YOUR VOTE IS VERY IMPORTANT Dear Stockholder: On November 1, 2017, Kearny Financial Corp. (which we refer to as “Kearny”) and Clifton Bancorp Inc. (which we refer to as “Clifton”) entered into an Agreement and Plan of Merger (which we refer to as the “merger agreement”) under which Clifton will merge with and into Kearn y, with Kearny remaining as the surviving entity. This transaction is referred to in this document as the “merger.” Immediately following the merger, Clifton Savings Bank, the wholly-owned subsidiary of Clifton, will merge with and into Kearny Bank, the wholly-owned subsidiary of Kearny, with Kearny Bank as the surviving entity. This transaction is referred to in this document as the “bank merger.” Before we complete the merger, the stockholders of Kearny and Clifton must approve the merger agreement and the merger. If the merger is completed, Clifton stockholders will be entitled to receive, for each share of Clifton common stock they own, 1.191 shares of Kearny common stock. The maximum number of shares of Kearny common stock estimated to be issuable upon completion of the merger is 26,320,879. Based on Kearny’s closing price of $15.05 on November 1, 2017, which was the last trading date preceding the public announcement of the proposed merger, each share of Clifton common stock exchanged for 1.191 shares of Kearny common stock would have a value of $17.92, or approximately $396.0 million in aggregate merger consideration. Based on Kearny’s closing price of $14.10 on January 9, 2018, which is the most recent practicable trading day prior to the printing of this document, each share of Clifton common stock exchanged for 1.191 shares of Kearny common stock would have a value of $16.79. The common stock of Kearny trades on the Nasdaq Global Select Market under the symbol “KRNY.” The comm

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Kearny Financial's EVP and Chief Banking Officer just picked up 3,594 shares - Sept. 17, 2019
Kearny: Form, Schedule Or Registration Statement No     N/A Filing Party:     N/A Date Filed:     N/A Online - Sept. 13, 2019
Kearny Financial releases salary data. CEO sees compensation rise 26% - Sept. 13, 2019
Kearny Financial director just picked up 4,000 shares - Sept. 4, 2019
Kearny Financial Just Filed Its Annual Report: Note 22 – Net Income... - Aug. 28, 2019

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