BFC Financial Corporation Declares a Five-For-Four Stock Split
28 Febbraio 2005 - 4:46PM
PR Newswire (US)
BFC Financial Corporation Declares a Five-For-Four Stock Split FORT
LAUDERDALE, Fla., Feb. 28 /PRNewswire-FirstCall/ -- BFC Financial
Corporation (NASDAQ:BFCF) announced today that its Board of
Directors has declared a five-for-four common stock split, effected
in the form of a 25 percent common stock dividend. The stock
dividend is payable in Class A stock to both Class A and Class B
common stockholders of record at the close of trading on March 7,
2005. The Board has set the payment date for March 14, 2005.
Fractional shares will be rounded up to the next whole share of
Class A common stock. Due to accounting and tax considerations,
with respect to options to purchase Class B stock previously
granted under the Company's stock option plan, the stock split
dilution adjustments, with regard to these Class B options, will be
made in Class B stock. About BFC Financial Corporation: BFC
Financial Corporation (NASDAQ:BFCF) is a diversified holding
company that invests in and acquires private and public companies
in different industries. BFC's current major holdings include
BankAtlantic Bancorp (NYSE:BBX) and its subsidiaries, BankAtlantic
and Ryan Beck & Co.; Levitt Corporation (NYSE:LEV), which
includes its subsidiaries Levitt and Sons(TM) and Core Communities;
Levitt Corporation's 36% ownership in Bluegreen Corporation
(NYSE:BXG), as well as a minority interest in the renowned national
restaurant chain, Benihana, Inc. (NASDAQ:BNHNA). BFC's direct and
indirect diverse ownership interests span a variety of business
sectors, including consumer and commercial banking; brokerage and
investment banking services; homebuilding; development of
master-planned communities; the hospitality and leisure sector
through the development, marketing and sales of vacation resorts on
a time-share, vacation club model; and the restaurant and family
dining business. BFC Contact Info: Investor and Corporate
Communications: Sharon Lyn, Vice President Email: Phone: (954)
760-5151, Fax: (954) 760-5415 Mailing Address: BFC Financial
Corporation Attn: Investor Relations 1750 East Sunrise Boulevard,
Fort Lauderdale, Florida 33304 Investor Relations: Leo Hinkley,
Senior Vice President Email: Statements in this release may
constitute forward-looking statements and are made pursuant to the
Safe Harbor Provision of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are based largely on
expectations and are subject to a number of risks and uncertainties
including but not limited to the risks and uncertainties associated
with economic, competitive and other factors affecting the Company
and its operations, future payment of dividends as determined and
declared by the Company's Board of Directors, and other factors
detailed in the Company's SEC filings.
http://www.newscom.com/cgi-bin/prnh/20041015/FLFLOGO
http://photoarchive.ap.org/ DATASOURCE: BFC Financial Corporation
CONTACT: Sharon Lyn, Vice President, Investor and Corporate
Communications, , or Leo Hinkley, Senior Vice President, Investor
Relations, , both of BFC Financial Corporation, +1-954-760-5151, or
fax, +1-954-760-5415 Web site: http://www.bfcfinancial.com/
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