BBX Capital Corporation

BBX Capital Announces Intention to Commence a Cash Tender Offer for Shares of its Class A Common Stock

Retrieved on: 
Wednesday, November 15, 2023
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If more than 500,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, the Company will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.

Key Points: 
  • If more than 500,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, the Company will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.
  • The terms and conditions of the tender offer will be described in an offer to purchase and related letter of transmittal that will be mailed to the Company’s shareholders shortly after commencement of the tender offer.
  • None of the Company or its Board of Directors, the Information Agent for the tender offer or the Depositary for the tender offer will make any recommendation to shareholders as to whether to tender or refrain from tendering their shares in the tender offer.
  • If the tender offer is commenced, the Company will also file a Tender Offer Statement on Schedule TO (the “Tender Offer Statement”) with the Securities and Exchange Commission (the “SEC”), which will include as exhibits, among other things, the offer to purchase and related letter of transmittal and other tender offer materials.

Community Foundation of Broward Honors Its New "Community Builders"

Retrieved on: 
Friday, November 17, 2023
Well, Human, Hamilton Community Foundation, JM Family Enterprises, Love, Community foundation, Mental health, Dara, Community Builders Group, Community, Colin, BBX Capital Corporation, Poverty, Education, Management

FORT LAUDERDALE, Fla., Nov. 17, 2023 /PRNewswire/ -- The Community Foundation of Broward is honoring five new Community Builders, local philanthropists who create endowed charitable funds of $1 million or more to shape a brighter future for Broward.

Key Points: 
  • The Community Foundation now has 57 total Community Builders, who include generous individuals, families and community organizations who partner with the Community Foundation to fuel innovation and tackle Broward's big challenges.
  • Community Builder gifts to the Community Foundation total nearly $200 million.
  • Trevor and Margie Fried are also new Community Builders for the Community Foundation.
  • For more information about becoming a Community Builder at the Community Foundation, please contact Kelly Marmol, vice president of philanthropic services, at [email protected] or 954-761-9503, ext.

Red Stone Tax Exempt Funding Assumes Ready Capital Brand

Retrieved on: 
Wednesday, November 8, 2023
RC, BBX Capital Corporation, Housing, NYSE, AHF, Conference, Red, Environment, Red Stone, Capital, Financial services

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced that Red Stone Tax Exempt Funding, which was acquired in 2021 , has formally assumed the Ready Capital brand across all aspects of its business.

Key Points: 
  • NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced that Red Stone Tax Exempt Funding, which was acquired in 2021 , has formally assumed the Ready Capital brand across all aspects of its business.
  • Following a highly successful 2022 in which origination volume surpassed $730 million, the team is on target to meet or exceed that level in 2023 and will continue to provide innovative affordable lending products in support of multifamily affordable housing, consolidating under the Ready Capital brand.
  • “The Red Stone business continues to perform extremely well and is highly complementary to our overall platform,” said Thomas Capasse, Chairman and Chief Executive Officer of Ready Capital.
  • “We will continue to grow our division and contribute to the overall Ready Capital business, which remains well diversified and positioned to find opportunities in this environment.

BBX Capital, Inc. Reports Financial Results For the Third Quarter of 2023

Retrieved on: 
Wednesday, November 8, 2023
Food, Beverage, Home Goods, Retail, Children, Urban Planning, Finance, Online Retail, Interior Design, Luxury, Consumer, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Vacation, Other Travel, Lodging, Travel, Sale, Toronto-Dominion Bank, Renin, NYSE, Tax, Miramar, OTCQX, Environment, Growth, Balance sheet, BBX Capital Corporation, TD, BBX, Investment, BVH, PINK, Renting, Security (finance), Video game, Renewable energy, Warehouse

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the third quarter of 2023.

Key Points: 
  • BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the third quarter of 2023.
  • The following selected information relates to the financial results of the Company’s principal holdings: BBX Capital Real Estate, BBX Sweet Holdings, and Renin.
  • In connection with the transition, BBX Sweet Holdings acquired his noncontrolling interest in IT’SUGAR, and as a result, IT'SUGAR became a wholly-owned subsidiary of BBX Sweet Holdings during the three months ended September 30, 2023.
  • As of September 30, 2023, Renin was current on the payment terms under its TD Bank credit facility.

Ares Capital Corporation Appoints Scott Lem as Chief Financial Officer

Retrieved on: 
Thursday, November 9, 2023
Asset Management, Professional Services, Finance, BBX Capital Corporation, Ares Management, Ares, MBA, Ernst & Young, Ernst, Growth, Business administration, Partnership, Business, Marshall School, University of Southern California, Virtual CFO, Arthur Andersen, UCLA, CFO, Anderson School of Management, University, USC Marshall School of Business, Management

Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Ares Capital’s Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024.

Key Points: 
  • Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Ares Capital’s Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024.
  • Mr. Lem succeeds Penni Roll, who plans to step down as Ares Capital’s Chief Financial Officer, effective the same date.
  • Roll, who also serves as the Chief Financial Officer of Ares Management Corporation’s (“Ares”) Credit Group, will remain an officer of Ares Capital and at Ares in a senior leadership capacity.
  • Since joining Ares in 2003, Mr. Lem has served in a number of senior finance and accounting roles, both at Ares Capital and in the Ares Credit Group.

Bluegreen Vacations Holding Corporation to be Acquired by Hilton Grand Vacations

Retrieved on: 
Monday, November 6, 2023
Restaurant, Bar, Family, Lifestyle, Consumer, Lodging, Vacation, Destinations, Retail, Cruise, Travel, BankAtlantic, 2023 Bluegreen Vacations Duels, Foley & Lardner, Blue-green, IRE, Real estate, NYSE, BBX Capital Corporation, Alston & Bird, Common stock, Wells Fargo, Great Smoky Mountains, HGV, BofA Securities, Stearns, Hilton Grand Vacations, Club Resorts Ltd v Van Breda, Simpson Thacher & Bartlett, BVH, Credit Suisse, Bass Pro Shops, Hilton, Hotel

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “Bluegreen Vacations”) announced today that it has entered into a definitive agreement to be acquired by Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV”) for $75.00 per share in an all cash transaction, representing a total enterprise value of approximately $1.5 billion, inclusive of net debt.

Key Points: 
  • Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “Bluegreen Vacations”) announced today that it has entered into a definitive agreement to be acquired by Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV”) for $75.00 per share in an all cash transaction, representing a total enterprise value of approximately $1.5 billion, inclusive of net debt.
  • In the 1970’s, Alan B. Levan founded the predecessor to Bluegreen Vacations Holding Corporation, and it has been a diversified holding company for over 50 years.
  • With headquarters in Boca Raton, Florida, Bluegreen Vacations has 49 Club Resorts and 24 Associate Resorts.
  • Alan Levan, the Company’s Chairman and Chief Executive Officer, said, “Today’s announcement represents another exciting chapter for Bluegreen Vacations.

Rand Capital Announces Third Quarter 2023 Financial Results Conference Call and Webcast

Retrieved on: 
Monday, October 30, 2023
Public Policy, Government, Technology, Aerospace, Manufacturing, Software, Homeland Security, RAND, BBX Capital Corporation, Cryptocurrency

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its third quarter 2023 financial results before the opening of financial markets on Monday, November 6, 2023.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its third quarter 2023 financial results before the opening of financial markets on Monday, November 6, 2023.
  • The Company will also host a conference call and webcast to review its results that day.

BBX Capital, Inc. to Issue Financial Results for the Third Quarter of 2023 on November 8, 2023

Retrieved on: 
Monday, October 30, 2023
Commercial Building & Real Estate, Construction & Property, Finance, Urban Planning, REIT, Professional Services, Interior Design, Building Systems, Other Construction & Property, Residential Building & Real Estate, BBX Capital Corporation, PINK, OTCQX, Rare-earth element, Cryptocurrency

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that the Company plans to release its financial results for the third quarter of 2023 in a press release to be issued after market close on Wednesday, November 8, 2023.

Key Points: 

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that the Company plans to release its financial results for the third quarter of 2023 in a press release to be issued after market close on Wednesday, November 8, 2023.

OFS Capital Corporation Announces Date for Its Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, October 25, 2023
Asset Management, Professional Services, Business, Finance, Domestic, OFS, Interest, BBX Capital Corporation, International, Cryptocurrency

OFS Capital Corporation (NASDAQ: OFS) (“OFS Capital”), a business development company, announced today that it will report its third quarter 2023 earnings results after the closing of the stock market on Thursday, November 2, 2023.

Key Points: 
  • OFS Capital Corporation (NASDAQ: OFS) (“OFS Capital”), a business development company, announced today that it will report its third quarter 2023 earnings results after the closing of the stock market on Thursday, November 2, 2023.
  • A conference call is scheduled for Friday, November 3, 2023 at 10:00 a.m. Eastern Time to discuss OFS Capital’s financial results and business.
  • Bilal Rashid, Chairman & Chief Executive Officer, will host the call, along with Jeffrey Cerny, Chief Financial Officer & Treasurer.
  • An archived replay of the call will be available for 90 days on a webcast link located on the For Investors section of our website or through November 13, 2023 by dialing 1-877-344-7529 (Domestic) or 1-412-317-0088 (International) and referencing conference ID # 9228977

BBX Logistics Properties Announces Venture with PCCP, LLC to Develop Over 600,000 Square Foot Logistics Park over 40 Acres in Delray Beach, Florida

Retrieved on: 
Wednesday, September 13, 2023
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Building Systems, Urban Planning, Heart, PCCP, Partnership, Employment, BBX, Atlantic Avenue, U.S. 441, BBX Capital Corporation, Multimedia, Acquisition, OTCQX, PINK, Tourism, Warehouse

The joint venture intends to develop the site, which is entitled with rights to build up to 672,533 square feet (sf) of logistics space, into BBX Park at Delray, a logistics facility expected to be comprised of three buildings.

Key Points: 
  • The joint venture intends to develop the site, which is entitled with rights to build up to 672,533 square feet (sf) of logistics space, into BBX Park at Delray, a logistics facility expected to be comprised of three buildings.
  • View the full release here: https://www.businesswire.com/news/home/20230913802001/en/
    “Our plans at BBX Park at Delray reflect our goal of delivering high-quality logistics space in the heart of the rapidly growing population center of Western Palm Beach County.
  • We want to thank the Palm Beach County Commissioners and County staff who worked so tirelessly with us.”
    “We are pleased to partner with BBX Logistics Properties on this venture.
  • Our partnership underpins PCCP’s strategy to invest in Class-A logistics facilities in strategic locations," said Kevin Chin, Managing Director with PCCP.