GlobeNewswire Inc | Mar 24, 2021 08:00AM EDT

March 24, 2021

Current Balanced, Diverse Board of Directors Brings Expertise Gained at Some of Worlds Most Respected Companies, Further Augmented by Four New Directors Since March 2020

Ancora Nominees Lack Relevant Experience and Would Weaken the Board

DALLAS, March 24, 2021 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled, tax-focused financial solutions, today mailed a letter to its stockholders presenting the current Boards relevant experience and deep expertise. In connection with the Companys upcoming 2021 annual meeting of stockholders, scheduled to be held on April 21, 2021, the Company urges stockholders to vote FOR ALL of the Companys highly qualified director candidates using the BLUE proxy card. Blucora stockholders of record at the close of business on February 24, 2021 are eligible to vote at the annual meeting.

Under the leadership of the current Board and management team, Blucora is gaining momentum and showing measurable improvement after repositioning its two tax-focused businesses for sustainable, long-term growth. In fact, Blucoras share price has increased 91% over the past six months through March 18, 2021, outperforming the S&P 500 by 72 percentage points.

Ancora Catalyst Institutional, LP (together with its affiliates, Ancora), an activist stockholder that recently accumulated approximately 3% of Blucoras outstanding shares, has nominated Ancoras CEO Fred DiSanto and two of his close associates and a marketing director at a New York hedge fund to fill nearly half the independent director seats on Blucoras Board. Blucora does not believe stockholders would be well served by replacing the leading and diverse executives on the current Board with Ancoras associates and nominees.

Blucora encourages stockholders to reelect the current Board, which has demonstrated both its capacity and commitment to act for the benefit of all stockholders by voting FOR ALL nominees on the BLUE proxy card.

The letter and other important information related to the Annual Meeting can be found at VoteBlucora.com.

If you are a stockholder and have questions, need assistance in voting your shares, or wish to change a prior vote, please contact:

D.F. King & Co., Inc.48 Wall Street, 22nd FloorNew York, New York 10005Brokers and Banks Call Collect: (212) 269-5550All Others Call Toll-Free: (866) 388-7535Email: BCOR@dfking.com

REMEMBER: Simply discard anywhiteproxy card you may receive from Ancora. Blucoras Board does not endorse any of Ancoras nominees, andwe urge you NOT to submit any vote using Ancoras white proxy card, even as a protest vote.Voting to WITHHOLD with respect to any of Ancoras nominees on a white proxy card sent to you by Ancora is not the same as voting FOR the Boards nominees on the BLUE proxy card because a vote to WITHHOLD with respect to any of Ancoras nominees on its white proxy card will revoke any BLUE proxy you may have previously submitted.

Important Additional Information and Where to Find It

The Company has filed a definitive proxy statement, an accompanying BLUE proxy card and other relevant documents with the SEC in connection with the solicitation of proxies for the Companys 2021 annual meeting of stockholders. BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT, INCLUDING ANY AMENDMENTS AND SUPPLEMENTS THERETO, AND ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders will be able to obtain a copy of the Companys definitive proxy statement and other documents filed by the Company with the SEC free of charge from the SECs website at www.sec.gov. In addition, copies will be available at no charge by selecting SEC Filings under Financial Information in the Investors tab of the Companys website at www.blucora.com.

About Blucora

Blucora, Inc. (NASDAQ: BCOR) is on the forefront of financial technology, a provider of data and technology-driven solutions that empower people to improve their financial wellness. Blucora operates in two segments including (i) wealth management, through its Avantax Wealth Management brand, with a collective $83 billion in total client assets as of December 31, 2020, and (ii) tax preparation, through its TaxAct business, a market leader in tax preparation software with approximately 3 million consumer and more than 23,000 professional users in 2020. With integrated tax-focused software and wealth management, Blucora is uniquely positioned to assist our customers in achieving better long-term outcomes via holistic, tax-advantaged solutions. For more information on Blucora, visit www.blucora.com.

Contacts

Investors:Geoffrey Weinberg / Rick GrubaughD.F. King & Co., Inc.(866) 388-7535BCOR@dfking.com

Media:Dan Gagnier / Jeffrey MathewsGagnier Communications(646) 569-5897Blucora@gagnierfc.com