CBL Properties Announces Block Share Repurchase
On August 10, 2023, CBL announced that its Board of Directors authorized a stock repurchase program for the Company to buy up to
“We are pleased to have repurchased more than 1.5 million shares of CBL at extremely attractive valuations,” said Stephen D. Lebovitz, CBL’s Chief Executive Officer. “This investment demonstrates our confidence in the Company’s future, our conviction that there is significant upside value in CBL, and our commitment to returning capital to shareholders.”
After cancellation of the repurchased shares the Company currently has 30,749,272 shares of common stock outstanding (excluding 34 treasury shares).
About CBL Properties
Headquartered in
Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.
CBL_Corp
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Investor Contact:
Katie Reinsmidt
Executive Vice President & Chief Operating Officer
423.490.8301
Katie.Reinsmidt@cblproperties.com
Source: CBL Properties