Carver Bancorp shareholder Dream Chaser issues letter supporting board nominees

Carver Bancorp (CARV) shareholder Dream Chasers Capital, representing shareholders with a 9.7% stake in Carver, issued an open letter to shareholders in advance of the company’s 2024 Annual Meeting set for December 12. The letter states that Dream Chasers is “confident” that independent nominees will drive shareholder value increase, aims to “remind shareholders of an -80% 10-yr stock price loss under current directors” and the fact that Carver “lags bank index by 45% in the last year and 237% over last ten years, and has had “only one profitable fiscal year in the last decade”, and calls for a “withhold” vote against Carver’s directors and a vote in favor of nominees Jeffrey Anderson and Jeffrey John Bailey.