Bluegreen Vacations Corporation (“Bluegreen” or “the Company”) announced that its Board of Directors has approved a share repurchase program which authorizes the repurchase of a total of up to 3,000,000 shares of the Company’s Common Stock at an aggregate cost of no more than $35 million. The program authorizes the Company, in management’s discretion, to repurchase shares from time to time subject to market conditions and other factors.
About Bluegreen Vacations Corporation:
Bluegreen Vacations Corporation is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with approximately 216,000 owners, 69 Club and Club Associate Resorts and access to more than 11,100 other hotels and resorts through partnerships and exchange networks as of September 30, 2018. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation (otcqx:BBXTB), a diversified holding company. For further information, visitwww.BluegreenVacations.com.
About BBX Capital Corporation:
BBX Capital Corporation (otcqx:BBXTB), is a Florida-based diversified holding company whose activities include its 90% ownership interest in Bluegreen Vacations Corporation as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.