Lennar (LEN) announced that its Board of Directors has declared a dividend and set the date for the previously announced taxable spin-off of ...

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Miami-based Lennar Corp. (NYSE: LEN) is moving forward with plans to spin off a company comprising its land holdings valued ...

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Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") announced that its Board of Directors has declared a dividend and set the date for the previously announced taxable spin-off of approximately 80% of ...

STORY HIGHLIGHTS Lennar Corp. plans to spin off Millrose Properties. Millrose Properties will act as a land bank for Lennar. Lennar will distribute 80% of Millrose shares to shareholders.

Lennar (LEN) announced that its Board of Directors has declared a dividend and set the date for the previously announced taxable spin-off of approximately 80% of the stock of Millrose Properties.

Stuart Miller, Executive Chairman and Co-Chief Executive Officer of Lennar, said, "We are very pleased to announce another milestone towards completing the successful spin-off of Millrose.