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AMHC engages Phoenix Advisory Partners to prepare proxy solicitation cost study

AMHC has engaged Phoenix Advisory Partners a division of American Stock Transfer and Trust prepare a study on proxy solicitaionb costs for MHC. The study will sample proprietary data in order to gauge the solicitation cost per member for proxies to approve MHC waiver of dividends. phoenix did not include in its estimates legal and accounting and employee expenses. Neither did it weigh the loss in productivity or impact on depositor confidence.