Camping World Declares Regular, One-time and Special Dividend
December 01 2017 - 6:00AM
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 $0.2832 per share on the
Company’s Class A Common Stock and a cash distribution of $0.21 per
common unit on CWGS Enterprises, LLC’s common units. Payment is
expected to be made on December 29, 2017, to stockholders of record
at the close of business on December 15, 2017.
The CWH Class A common stock cash dividend of $0.2832 per share
is comprised of the regular quarterly cash dividend of $0.08 per
share, a one-time cash dividend of $0.13 per share, both funded by
the $0.21 per common unit cash distribution by CWGS Enterprises,
LLC to all holders of its common units, including CWH, and a
$0.0732 per share special cash dividend representing a portion of
the tax distribution from CWGS Enterprises, LLC that is in excess
of the corporate income taxes payable by CWH.
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, headquartered in Lincolnshire, Illinois, is
the leading outdoor and camping retailer, offering an extensive
assortment of recreational vehicles for sale, RV and camping gear,
RV maintenance and repair and the industry’s broadest and deepest
range of services, protection plans, products and resources. Since
the Company’s founding in 1966, Camping World has grown
to become one of the most well-known destinations for everything
RV, with 138 retail locations in 36 states and a comprehensive
e-commerce platform.
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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version on businesswire.com: http://www.businesswire.com/news/home/20171201005160/en/
Investor Relations:ICRJohn Rouleau / Rachel
Schacter203-682-8200John.Rouleau@icrinc.com /
Rachel.Schacter@icrinc.comorMedia:ICRJessica Liddell,
203-682-8208Jessica.Liddell@ICRinc.com
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