Bluegreen Vacations Corporation and BBX Capital Corporation Announce Exercise of Underwriters’ Option to Purchase Additional Shares

Bluegreen Vacations Corporation (NYSE:BXG)(“Bluegreen Vacations”) and its parent company, BBX Capital Corporation (NYSE:BBX) (OTCQX:BBXTB) (“BBX Capital”), jointly announced today that the underwriters of the previously announced initial public offering of Bluegreen Vacations’ common stock have fully exercised their option to purchase an additional 974,797 shares of Bluegreen Vacations’ common stock from BBX Capital, as selling shareholder.