BBX Capital Corporation Suspends Regular Quarterly Cash Dividends
April 22 2020 - 12:00PM
Business Wire
BBX Capital Corporation (NYSE: BBX, OTCQX: BBXTB) (“BBX Capital”
or the “Company”) announced today that the Company’s Board of
Directors has determined to suspend the Company’s regular quarterly
cash dividends on its Class A and Class B Common Stock citing the
impact of the COVID-19 pandemic.
About BBX Capital
Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX:
BBXTB) is a Florida-based diversified holding company whose
principal investments include Bluegreen Vacations Corporation
(NYSE: BXG), BBX Capital Real Estate, BBX Sweet Holdings, and
Renin. For additional information, please visit
www.BBXCapital.com.
About Bluegreen Vacations
Corporation:
Bluegreen Vacations Corporation (NYSE: BXG) is a leading
vacation ownership company that markets and sells vacation
ownership interests (“VOIs”) and manages resorts in popular leisure
and urban destinations. The Bluegreen Vacation Club is a flexible,
points-based, deeded vacation ownership plan with approximately
220,000 owners, 68 Club and Club Associate Resorts and access to
more than 11,350 other hotels and resorts through partnerships and
exchange networks as of December 31, 2019. Bluegreen Vacations also
offers a portfolio of fee-based resort management, financial, and
sales and marketing services, to or on behalf of third parties.
Bluegreen is more than 90% owned by BBX Capital Corporation (NYSE:
BBX) (OTCQX: BBXTB), a diversified holding company. For further
information, visit www.BluegreenVacations.com.
Forward-Looking
Statements:
Certain matters within this press release include
“forward–looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements may involve known and unknown risks, uncertainties and
other factors including but not limited to, risks and uncertainties
regarding the continued impact of the COVID-19 pandemic and current
economic conditions on the Company and the Company’s future
progress and performance. For a description of risks and
uncertainties relating to the Company, please review the “Risk
Factors” section and other information contained in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2019,
filed with the Securities and Exchange Commission, and the
Company’s Report on Form 8-K dated March 31, 2020, which are
available on the SEC's website, https://www.sec.gov, and on BBX
Capital’s website, www.BBXCapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200422005720/en/
BBX Capital Corporation Contact
Info Investor Relations
Contact: Leo Hinkley, Managing Director, Investor Relations
Officer 954-940-5300, Email: LHinkley@BBXCapital.com
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