CNL Lifestyle focuses on ski properties as it evaluates strategic alternatives
Friday, July 08, 2016 9:59 AM ET | SNL
The company added that it continues to work with its financial adviser, Jefferies LLC, to evaluate strategic alternatives in order to provide liquidity to stockholders. As the company continues this process, it may consider changing its quarterly distribution policy of 5 cents per share.
In reporting its recent operational activities, the company said that it completed the approximately $112.5 million sale of 17 marina properties that it agreed to sell in May 2015. It netted about $86.3 million in cash from the portfolio.