Management Team of Diamond Resorts Provides Statement in Response to Letter from FrontFour Capital Group LLC & ADW Capital Pa...
October 21 2015 - 11:55AM
Business Wire
Diamond Resorts International, Inc. (NYSE:DRII) today issued the
following statement from its management team in response to a
letter received from FrontFour Capital Group LLC and ADW Capital
Partners L.P.
“We appreciate the insights and opinions of all our
shareholders, and as large shareholders ourselves, share their view
that our stock is being undervalued by the market even after strong
execution and eight consecutive quarters of record growth. Our
priority is to continue to deliver on the strategic growth plan we
have in place as we and our Board of Directors remain fully
committed to increasing shareholder value. We look forward to
providing the details of our third quarter 2015 financial and
operational results on October 28th.”
About Diamond Resorts International®
Diamond Resorts International® (NYSE:DRII), with its network of
more than 330 vacation destinations located in 34 countries
throughout the continental United States, Hawaii, Canada, Mexico,
the Caribbean, South America, Central America, Europe, Asia,
Australasia and Africa, provides guests with choice and flexibility
to let them create their dream vacation, whether they are traveling
an hour away or around the world. Our relaxing vacations have the
power to give guests an increased sense of happiness and
satisfaction in their lives, while feeling healthier and more
fulfilled in their relationships, by enjoying memorable and
meaningful experiences that let them Stay Vacationed.™
Diamond Resorts International® manages vacation ownership
resorts and sells vacation ownership points that provide members
and owners with Vacations for Life® at over 330 managed and
affiliated properties and cruise itineraries.
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Sloane & CompanyErica Bartsch,
212-446-1875ebartsch@sloanepr.com
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