Dream Chasers Urges Institutional Shareholders To Join Retail Holders To Drive Change At Carver; Letter Calls On National Community Investment Fund, Bank Of America, J.P. Morgan, American Express And Other Community-Focused Investors To Help Drive Improved Performance

Letter calls on National Community Investment Fund, Bank of America, J.P. Morgan, American Express and other community-focused investors to help drive improved performance

Says continued support of under-performing Board does the community and Carver no good

Urges all shareholders to vote for change: Vote FOR Mr. Jeffrey "Jeff" Anderson and Mr. Jeffrey Bailey for the Board of Directors using the BLUE proxy card and vote WITHHOLD on Carver's under-performing Directors

ISS finds that Carver's "long history of TSR and operational underperformance suggest that the bank needs to rethink its strategy and its approach to execution"

NEW YORK, Dec. 2, 2024 /PRNewswire/ -- Dream Chasers Capital Group LLC ("Dream Chasers") today called on large financial institutions and funds that have invested in Carver Bancorp, Inc. ("Carver," or the "Company") (NASDAQ:CARV) to support nominees that will drive change on the Carver Board of Directors (the "Board"). While these investors' support of Carver over the years has been admirable, we can all agree it is counterproductive to support a Board that has presided over a prolonged period of poor performance.