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.
The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.