Franchise Group, Inc. Announces Approval of Quarterly Preferred Dividend
February 28 2023 - 3:03PM
Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the
“Company”) today announced that its Board of Directors approved a
quarterly dividend of $0.46875 per share to Series A Cumulative
Perpetual Preferred stockholders. The cash dividend will be paid on
or about April 14, 2023 to holders of record of the Company’s
Series A preferred stock on the close of business on March 31,
2023.
About Franchise Group,
Inc.Franchise Group is an owner and operator of franchised
and franchisable businesses that continually looks to grow its
portfolio of brands while utilizing its operating and capital
allocation philosophy to generate strong cash flow for its
shareholders. Franchise Group’s business lines include Pet Supplies
Plus, American Freight, The Vitamin Shoppe, Badcock Home Furniture
& more, Buddy’s Home Furnishings, Sylvan Learning and Wag N
Wash. On a combined basis, Franchise Group currently operates over
3,000 locations predominantly located in the U.S. that are either
Company-run or operated pursuant to franchising and dealer
agreements.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation,
projections, predictions, expectations, or beliefs about future
events or results and are not statements of historical fact,
including the Company’s expectations regarding payments of
dividends in the future. Such forward-looking statements are based
on various assumptions as of the time they are made, and are
inherently subject to known and unknown risks, uncertainties and
other factors that may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements are often
accompanied by words that convey projected future events or
outcomes such as “expect,” “believe,” “estimate,” “plan,”
“project,” “anticipate,” “intend,” “will,” “may,” “view,”
“opportunity,” “potential,” or words of similar meaning or other
statements concerning opinions or judgment of the Company or its
management about future events. Although the Company believes that
its expectations with respect to forward-looking statements are
based upon reasonable assumptions within the bounds of its existing
knowledge of its business and operations, there can be no assurance
that actual results, performance, or achievements of the Company
will not differ materially from any projected future results,
performance or achievements expressed or implied by such
forward-looking statements. Actual future results, performance or
achievements may differ materially from historical results or those
anticipated depending on a variety of factors, many of which are
beyond the control of the Company. We refer you to the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of the Company’s
Annual Report on Form 10-K for the period ended December 31, 2022,
and comparable sections of the Company’s Quarterly Reports on Form
10-Q and other filings, which have been filed with the SEC and are
available on the SEC’s website at www.sec.gov. All of the
forward-looking statements made in this press release are expressly
qualified by the cautionary statements contained or referred to
herein. The actual results or developments anticipated may not be
realized or, even if substantially realized, they may not have the
expected consequences to or effects on the Company or its business
or operations. Readers are cautioned not to rely on the
forward-looking statements contained in this press release.
Forward-looking statements speak only as of the date they are made
and the Company does not undertake any obligation to update, revise
or clarify these forward-looking statements, whether as a result of
new information, future events or otherwise.
INVESTOR RELATIONS CONTACT:Andrew F.
KaminskyEVP & Chief Administrative OfficerFranchise Group,
Inc.akaminsky@franchisegrp.com(914) 939-5161
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