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A new giant is born as HNI finalizes acquisition of Kimball

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1 June, 2023

MUSCATINE, Iowa – HNI has announced the completion of its acquisition of fellow office and contract furniture giant Kimball. HNI acquired Kimball early March for $455 million.

“The completion of the Kimball International acquisition represents a new chapter as we bring together two strong, successful companies with similar cultures and well-established families of brands,” said Jeff Lorenger, HNI CEO. “The combined companies will have an unmatched comprehensive product offering positioned to benefit from post-pandemic trends. I’m privileged to lead this talented team and look forward to the significant benefits we will deliver to our shareholders, members, dealers and customers.”

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Kimball International Shareholders Approve Transaction with HNI Corporation

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13 June, 2023

JASPER, Ind., May 31, 2023 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) today announced that its shareholders approved the adoption of the merger agreement with HNI Corporation (NYSE: HNI). The transaction is expected to close on June 1, 2023.

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Victory Capital Management Inc. Lowers Stake in HNI Corp: Examining Recent Market Trends and Implications

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27 May, 2023

Victory Capital Management Inc., an investment management firm, recently announced that it has lowered its stake in HNI Corp. This business services provider is primarily involved in offering workplace furnishings and residential building products to its clients. The firm has two major operating segments – the Workplace Furnishing segment and the Residential Building Products segment.

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Victory Capital Management Inc. Has $9.52 Million Holdings in HNI Co. (NYSE:HNI)

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26 May, 2023

Victory Capital Management Inc. lessened its stake in HNI Co. (NYSE:HNI) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,575 shares of the business services provider’s stock after selling 134,400 shares during the quarter. Victory Capital Management Inc. owned 0.72% of HNI worth $9,517,000 at the end of the most recent reporting period.

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Texas Permanent School Fund Decreases Stock Holdings in HNI Co. (NYSE:HNI)

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17 May, 2023

Texas Permanent School Fund decreased its holdings in shares of HNI Co. (NYSE:HNI) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,809 shares of the business services provider’s stock after selling 1,919 shares during the period. Texas Permanent School Fund owned about 0.07% of HNI worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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State Board of Administration of Florida Retirement System Cuts Stake in HNI Co. (NYSE:HNI)

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17 May, 2023

State Board of Administration of Florida Retirement System reduced its stake in shares of HNI Co. (NYSE:HNI) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,327 shares of the business services provider’s stock after selling 612 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.07% of HNI worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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HNI (HNI) Declares $0.32 Dividend

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17 May, 2023

HNI said on May 15, 2023 that its board of directors declared a regular quarterly dividend of $0.32 per share ($1.28 annualized). Previously, the company paid $0.32 per share.

Shares must be purchased before the ex-div date of June 8, 2023 to qualify for the dividend. Shareholders of record as of June 9, 2023 will receive the payment on June 23, 2023.

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Nordea Investment Management AB Sells 17,389 Shares of HNI Co. (NYSE:HNI)

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13 May, 2023

Nordea Investment Management AB trimmed its holdings in HNI Co. (NYSE:HNI) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,294 shares of the business services provider’s stock after selling 17,389 shares during the period. Nordea Investment Management AB owned 0.15% of HNI worth $1,736,000 as of its most recent filing with the Securities and Exchange Commission.

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HNI CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

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9 May, 2023

The following discussion of the Corporation’s historical results of operations and of its liquidity and capital resources should be read in conjunction with the Unaudited Condensed Consolidated Financial Statements of the Corporation and related notes included elsewhere in this Quarterly Report on Form 10-Q and with the Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. All dollar amounts presented are in millions, except per share data or where otherwise indicated. Amounts may not sum due to rounding. Statements that are not historical are forward-looking and involve risks and uncertainties. See “Forward-Looking Statements” at the end of this section for further information.

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Duality Advisers LP Acquires New Position in HNI Co. – A Promising Business Services Provider

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9 May, 2023

Duality Advisers LP, a prominent investment management firm, has recently acquired a new position in HNI Co. (NYSE:HNI), a well-known business services provider. According to the company’s filing with the Securities and Exchange Commission (SEC), Duality Advisers LP purchased 7,462 shares of HNI Co.’s stock during the fourth quarter which were valued at approximately $212,000.

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