Camping World Declares Regular Quarterly and Special Dividend Totaling One Dollar per Share
19 November 2020 - 1:00AM
Business Wire
Camping World Holdings, Inc. (NYSE: CWH) (the “Company,”
“Camping World,” “CWH,” “we,” “us” or “our”), announced today that
its Board of Directors declared a cash dividend of $1.00 per share
on the Company’s Class A Common Stock and a cash distribution of
$0.29 per common unit on CWGS Enterprises, LLC’s common units.
Payment is expected to be made on December 29, 2020, to
stockholders of record at the close of business on December 15,
2020.
The CWH Class A common stock cash dividend of $1.00 per share is
comprised of the regular quarterly cash dividend of $0.09 per
share, a recurring special quarterly dividend of $0.14 per share,
and a $0.77 per share one-time special cash dividend, all funded by
the $0.29 per common unit cash distribution by CWGS Enterprises,
LLC to all holders of its common units, including CWH, and a
portion of the tax distributions from CWGS Enterprises, LLC that
are in excess of the corporate income taxes payable by CWH.
Marcus Lemonis, Chairman and Chief Executive Officer of Camping
World stated, “I’m very pleased to be in a position to return
capital to our shareholders based on our strong results and cash
position thus far in 2020. We are very excited to close the year
and look forward to 2021.”
Future declarations of quarterly dividends and special 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.
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
more than 160 locations in 37 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 dividends and future financial results. 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 for the year ended December 31, 2019, as updated by Part II,
Item 1A of our Quarterly Report for the quarter ended September 30,
2020. 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: https://www.businesswire.com/news/home/20201118005341/en/
Investor Relations Contact:
InvestorRelations@campingworld.com 866.895.5330
Media Contact: Karen Porter PR-CWGS@campingworld.com
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