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Press Release: Levitt Corporation
October 27, 2004
FORT LAUDERDALE, FL -- The board of directors of Levitt Corporation (NYSE:LEV) has declared a cash dividend of
$0.02 per share on its Class A Common Stock and Class B Common Stock. The board set the payment date for November
15, 2004, to all shareholders of record as of 5:00 p.m. on November 8, 2004.
About Levitt Corporation:
Levitt Corporation, the parent company of Levitt and Sons(TM), Bowden Homes and Core Communities, develops single-family
homes and master-planned communities.
Levitt and Sons(TM), America's first builder of planned suburban communities, is best known for creating New York's
Levittown, Long Island and has built approximately 200,000 homes over the last 75 years. Levitt and Sons(TM) currently
develops single and multi-family home communities for active adults and families in Florida and Georgia.
Bowden Homes, founded in 1971, has been one of the largest home-builders in Memphis, Tennessee and the surrounding
metropolitan area for eight consecutive years. Bowden Homes focuses on building distinctively featured family housing
in the Memphis, Nashville and northern Mississippi areas. Levitt Corporation acquired Bowden Homes in April, 2004.
Core Communities develops master-planned communities in Florida, including its original and best known, St. Lucie
West, the fastest growing community on Florida's Treasure Coast for the past seven years. Core Communities' newest
master-planned community is Tradition. Now under development on Florida's Treasure Coast in St. Lucie County, Tradition
is a 9,000-acre community that will ultimately feature 20,000 residences, when all approvals are in place, as well
as a commercial town center and a world-class corporate park.
Bluegreen Corporation engages in the acquisition, development, marketing and sale of drive-to-vacation resorts,
golf communities and residential land. Bluegreen's resorts are located in a variety of popular vacation destinations
including the Smoky Mountains of Tennessee, Myrtle Beach, Charleston, South Carolina, Branson, Missouri, Wisconsin
Dells, Gordonsville, Wisconsin, Aruba, and throughout Florida. Bluegreen Corporation's land operations are predominantly
located in the Southeastern and Southwestern United States. Levitt Corporation holds an approximate 36% ownership
position in Bluegreen Corporation.
For further information, please visit our websites: http://www.LevittCorporation.com http://www.LevittandSons.com http://www.BowdenHomes.com http://www.CoreCommunities.com http://www.Bluegreen-corp.com Levitt Corporation Contact Information Investor Relations and Corporate Communications: Christine Cannella, Vice President Investor Relations Phone: 954-760-5222, Fax: 954-760-5415 Email: InvestorRelations@LevittCorporation.com Mailing Address: Attn: Christine Cannella Levitt Corporation, Investor Relations 1750 East Sunrise Boulevard Fort Lauderdale, FL 33304 or Sharon Lyn, Asst. Vice President Corporate Communications and Investor Relations Phone: 954-760-5402, Fax: 954-760-5415 Email: CorpComm@LevittCorporation.com or Public Relations: Hattie Harvey, Vice President Phone: 954-760-5383, Fax: 954-760-5108 Email: HHarvey@LevittCorporation.com or RBB Public Relations: Shawn Yanan, Phone: 305-448-6373, Fax: 305-448-5027 Email: Shawn.Yanan@RBBpr.com
Statements in this release may constitute forward-looking statements and are made pursuant to the Safe Harbor Provision
of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based largely on expectations
and are subject to a number of risks and uncertainties including but not limited to the risks and uncertainties
associated with economic, competitive and other factors affecting the Company and its operations, future payment
of dividends as determined and declared by the Company's Board of Directors, and other factors detailed in the
Company's SEC filings.
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Contact:
Levitt Corporation, Fort Lauderdale
Investor Relations and Corporate Communications:
Christine Cannella, 954-760-5222
InvestorRelations@LevittCorporation.com
Source: Levitt Corporation