BFC Financial Corporation to Participate at the FBR 23rd Annual Investor Conference
Posted on Uncategorized November 16, 2016
FORT LAUDERDALE, FL -- (Marketwired) -- 11/16/16 -- BFC Financial Corporation ("BFC") (OTCQB: BFCF) announced today that Leo Hinkley, BFC's Investor Relations Officer and Managing Director, will be hosting one-on-one meetings with institutional investors at the FBR 23rd Annual Investor Conference on Tuesday, November 29, 2016. The conference is being held at the Westin Times Square in New York City.
Conference participation is by invitation only and registration is mandatory. For more information on the conference, or to schedule a one-on-one meeting, please contact your FBR representative.
About BFC Financial Corporation
BFC (OTCQB: BFCF)(OTCQB: BFCFB) is a holding company whose principal holdings include an 82% ownership interest in BBX Capital Corporation (NYSE: BBX) and its indirect ownership interest in Bluegreen Corporation. BFC owns a 54% equity interest in Woodbridge, the parent company of Bluegreen. BBX Capital owns the remaining 46% equity interest in Woodbridge. As of September 30, 2016, BFC had total consolidated assets of $1.4 billion, shareholders' equity attributable to BFC of $400.6 million, and total consolidated equity of $508.7 million. BFC's book value per share at September 30, 2016 was $4.70.
About Bluegreen Corporation:
Founded in 1966 and headquartered in Boca Raton, FL, Bluegreen is a sales, marketing and resort management company, focused on the vacation ownership industry and pursuing a capital-light business strategy. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 200,000 owners, 66 owned or managed resorts, and access to more than 4,500 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, turnkey, fee-based services, including resort management services, financial services, and sales and marketing services, to or on behalf of third parties.
About BBX Capital Corporation:
BBX Capital (NYSE: BBX) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its controlling shareholder, BFC Financial Corporation, have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX Capital and BFC together own 100% of Bluegreen. As of September 30, 2016, BBX Capital had total consolidated assets of $407.2 million, shareholders' equity attributable to BBX Capital of $356.1 million, and total consolidated equity of $358.0 million. BBX Capital's book value per share at September 30, 2016 was $21.43.
BFC Financial Contact Info:
Source: BFC Financial Corporation