BXG - Bluegreen Vacations and BBX Capital completes spin-off

Bluegreen Vacations Holding (BXG) and BBX Capital announced the completion of the spin-off of New BBX Capital.As a result, Bluegreen Vacations Holding Corporation is now a pure play Bluegreen Vacations holding company, while New BBX Capital will operate as a diversified holding company whose investments include BBX Capital Real Estate, BBX Sweet Holdings, and Renin.With regards the spin-off, the former BBX Capital distributed to its shareholders one share of New BBX Capital's Class A/Class B common stock for each share of its Class A/Class B common stock held of record as of the close of trading on September 22, 2020.Shareholders of Bluegreen Vacations Holding also retained their shares of Bluegreen Vacations Holding Corporation’s Class A common stock and/or Class B common stock.Commencing on October 1, 2020, New BBX Capital’s Class A Common Stock and Class B Common Stock will trade on the OTC markets under the symbol 'BBXIA' and 'BBXIB'.

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Bluegreen Vacations and BBX Capital completes spin-off