Camping World Declares Regular and Special Dividend
June 01 2017 - 4:05PM
Business Wire
Camping World Holdings, Inc. (NYSE:CWH) (the “Company,” “Camping
World,” “we,” “us” or “our”), announced today that its Board of
Directors declared a cash dividend of $0.1532 per share on the
Company’s Class A Common Stock and a cash distribution of $0.08 per
common unit on CWGS Enterprises, LLC’s common units. Payment is
expected to be made on June 30, 2017, to stockholders of record at
the close of business on June 16, 2017.
The CWH Class A common stock cash dividend is comprised of a
regular quarterly cash dividend of $0.08 per share, funded by the
$0.08 per common unit quarterly cash distribution by CWGS
Enterprises, LLC to all holders of its common units, and a $0.0732
per share special cash dividend representing a portion of excess
tax distributions from CWGS Enterprises, LLC.
Future declarations of quarterly dividends are subject to the
determination and discretion of Camping World’s Board of Directors
based on its consideration of various factors, including the
Company’s results of operations, financial condition, level of
indebtedness, anticipated capital requirements, contractual
restrictions, restrictions in its debt agreements, restrictions
under applicable law, its business prospects and other factors that
Camping World’s Board of Directors may deem relevant. In addition
to the regular quarterly dividend, Camping World intends to
continue to pay a special cash dividend of all or a portion of
excess tax distributions to holders of Camping World Class A common
stock.
About Camping World Holdings, Inc.
Camping World Holdings, Inc. (NYSE:CWH) is the only provider of
a comprehensive portfolio of services, protection plans, products
and resources for recreational vehicle (“RV”) enthusiasts. Through
its two iconic brands, Camping World and Good Sam, the Company
offers new and used RVs for sale, vehicle service and maintenance
along with more than 10,000 products and services through its
retail locations and membership clubs. Good Sam branded offerings
provide the industry’s broadest and deepest range of services,
protection plans, products and resources while the Camping World
brand operates the largest national network of RV-centric retail
locations in the United States more than 130 retail locations in 36
states and an e-commerce platform. With both brands founded in
1966, product and service offerings are based on 50 years of
experience and customer feedback from RV enthusiasts.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
concerning Camping World and other matters. All statements
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including, without limitation, statements regarding future
declarations of quarterly dividends and our intentions regarding
special cash dividends. In some cases, you can identify
forward-looking statements by terms such as “may,” “will,”
“should,” “expects,” “plans,” “anticipates,” “could,” “intends,”
“targets,” “projects,” “contemplates,” “believes,” “estimates,”
“predicts,” “potential” or “continue” or the negative of these
terms or other similar expressions. The forward-looking statements
in this press release are only predictions. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we
believe may affect our business, financial condition and results of
operations. Forward-looking statements involve known and unknown
risks, uncertainties and other important factors that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. You should
carefully consider the risks and uncertainties that affect our
business, including those described in our filings with the
Securities and Exchange Commission, including under the caption
“Risk Factors” in Item 1A of Part I of our Annual Report on Form
10-K filed with the Securities and Exchange Commission, or SEC, on
March 13, 2017. These forward-looking statements speak only as of
the date of this communication. Except as required by applicable
law, we do not plan to publicly update or revise any
forward-looking statements, whether as a result of any new
information, future events or otherwise. You are advised, however,
to consult any further disclosures we make on related subjects in
our public announcements and filings with the Securities and
Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170601006406/en/
Investor Relations:ICRJohn Rouleau,
203-682-8200John.Rouleau@icrinc.comorRachel Schacter,
203-682-8200Rachel.Schacter@icrinc.comorMedia:ICRJessica
Liddell, 203-682-8208Jessica.Liddell@ICRinc.com
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