LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE:CWH) (the “Company,” “Camping World,”
“we,” “us” or “our”), announced today that its Board of Directors
declared a cash dividend of $0.1532 per share on the Company’s Class A
Common Stock and a cash distribution of $0.08 per common unit on CWGS
Enterprises, LLC’s common units. Payment is expected to be made on June
30, 2017, to stockholders of record at the close of business on June 16,
2017.
The CWH Class A common stock cash dividend is comprised of a regular
quarterly cash dividend of $0.08 per share, funded by the $0.08 per
common unit quarterly cash distribution by CWGS Enterprises, LLC to all
holders of its common units, and a $0.0732 per share special cash
dividend representing a portion of excess tax distributions from CWGS
Enterprises, LLC.
Future declarations of quarterly dividends are subject to the
determination and discretion of Camping World’s Board of Directors based
on its consideration of various factors, including the Company’s results
of operations, financial condition, level of indebtedness, anticipated
capital requirements, contractual restrictions, restrictions in its debt
agreements, restrictions under applicable law, its business prospects
and other factors that Camping World’s Board of Directors may deem
relevant. In addition to the regular quarterly dividend, Camping World
intends to continue to pay a special cash dividend of all or a portion
of excess tax distributions to holders of Camping World Class A common
stock.
About Camping World Holdings, Inc.
Camping World Holdings, Inc. (NYSE:CWH) is the only provider of a
comprehensive portfolio of services, protection plans, products and
resources for recreational vehicle (“RV”) enthusiasts. Through its two
iconic brands, Camping World and Good Sam, the Company offers new and
used RVs for sale, vehicle service and maintenance along with more than
10,000 products and services through its retail locations and membership
clubs. Good Sam branded offerings provide the industry’s broadest and
deepest range of services, protection plans, products and resources
while the Camping World brand operates the largest national network of
RV-centric retail locations in the United States more than 130 retail
locations in 36 states and an e-commerce platform. With both brands
founded in 1966, product and service offerings are based on 50 years of
experience and customer feedback from RV enthusiasts.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning Camping World and other matters. All statements contained in
this press release that do not relate to matters of historical fact
should be considered forward-looking statements, including, without
limitation, statements regarding future declarations of quarterly
dividends and our intentions regarding special cash dividends. In some
cases, you can identify forward-looking statements by terms such as
“may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,”
“intends,” “targets,” “projects,” “contemplates,” “believes,”
“estimates,” “predicts,” “potential” or “continue” or the negative of
these terms or other similar expressions. The forward-looking statements
in this press release are only predictions. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we believe may
affect our business, financial condition and results of operations.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that may cause our actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. You should carefully consider the risks and
uncertainties that affect our business, including those described in our
filings with the Securities and Exchange Commission, including under the
caption “Risk Factors” in Item 1A of Part I of our Annual Report on Form
10-K filed with the Securities and Exchange Commission, or SEC, on March
13, 2017. These forward-looking statements speak only as of the date of
this communication. Except as required by applicable law, we do not plan
to publicly update or revise any forward-looking statements, whether as
a result of any new information, future events or otherwise. You are
advised, however, to consult any further disclosures we make on related
subjects in our public announcements and filings with the Securities and
Exchange Commission.
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Source: Camping World Holdings, Inc.