BBX CAPITAL CORPORATION (NYSE:BBX) Files An 8-K Other Events

Item8.01 Other Events.

On December 5, 2016, BBX Capital Corporation (BBX Capital) and
BFC Financial Corporation (BFC) issued a press release announcing
that, assuming that the closing of the merger between the
companies occurs on the scheduled BBX Capital meeting date of
December 15, 2016, the deadline for BBX Capitals shareholders to
elect the form of consideration they wish to receive in
connection with the merger is 5:00 p.m., Eastern Time, on
December 13, 2016. However, as described in the press release, if
the closing of the merger is delayed to a subsequent date, the
election deadline will be similarly delayed to a subsequent date
(which will be the second business day prior to the new closing
date of the merger or such other time as mutually agreed by BFC
and BBX Capital), and the companies will promptly announce any
such delay and, when determined, the new election deadline. A
copy of the press release is filed as Exhibit 99.1 hereto.

Item9.01 Financial Statements and Exhibits.

(d) Exhibits.

Additional Information and Where to Find
it

In connection with the proposed merger, BFC filed with the SEC a
Registration Statement on Form S-4 that includes a prospectus of
BFC and a proxy statement of BBX Capital. The Registration
Statement on Form S-4 was declared effective by the SEC on
November4, 2016. On or about November9, 2016, BBX Capital
commenced mailing of the proxy statement/prospectus to its
shareholders. BFC and BBX Capital may also file other documents
with the SEC regarding the proposed merger. Investors and
shareholders are advised to read the Registration Statement on
Form S-4, the proxy statement/prospectus and any other documents
filed with the SEC in connection with the proposed merger because
they contain important information. Investors and shareholders
may obtain a copy of the proxy statement/prospectus and other
documents filed with the SEC containing information about BFC and
BBX Capital free-of-charge from the SECs website at www.sec.gov.
Copies of documents filed with the SEC by BFC are available
free-of-charge on BFCs website at www.bfcfinancial.com,
under the Investor Relations tab, or by written request to BFC
Financial Corporation, 401 East Las Olas Boulevard, Suite 800,
Fort Lauderdale, Florida 33301, Attention: Investor Relations, or
by phone at 954-940-4900. Copies of documents filed with the SEC
by BBX Capital are available free-of-charge on BBX Capitals
website at www.bbxcapital.com, under the Investor
Relations tab, or by written request to BBX Capital Corporation,
401 East Las Olas Boulevard, Suite 800, Fort Lauderdale, Florida
33301, Attention: Investor Relations, or by phone at
954-940-4000.

Participants in the Solicitation

BFC, BBX Capital and certain of their respective directors and
executive officers may, under the rules of the SEC, be deemed to
be participants in the solicitation of proxies from BBX Capitals
shareholders in connection with the proposed merger. Information
about the directors and executive officers of BFC and BBX Capital
is set forth in the proxy statement/prospectus. In addition,
information about the directors and executive officers of BFC is
contained in BFCs Definitive Proxy Statement on Schedule 14A for
its 2016 Annual Meeting of Shareholders, which was filed with the
SEC on April28, 2016, and information about the directors and
executive officers of BBX Capital is contained in BBX Capitals
Definitive Proxy Statement on Schedule 14A for its 2016 Annual
Meeting of Shareholders, which was filed with the SEC on April25,
2016. These documents can be obtained free-of-charge from the
sources indicated above.

No Offer or Solicitation

This Current Report on Form 8-K shall not constitute an offer to
sell or the solicitation of an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of Section10 of the Securities Act of 1933, as
amended (the Securities Act).

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking
statements based on current expectations that involve a number of
risks and uncertainties. The forward looking statements in this
press release are also forward-looking statements within the
meaning of Section27A of the Securities Act and Section21E of the
Securities Exchange Act of 1934, as amended, and involve
substantial risks and uncertainties. These risks and
uncertainties include, but are not limited to, those relating to
the proposed merger described herein, including that the
potential benefits of the merger may not be realized to the
extent anticipated or at all, and that the conditions to closing
the merger may not be satisfied or that the merger may not
otherwise be consummated on the contemplated terms, when expected
or at all. Reference is also made to the risks and uncertainties
detailed in reports filed by BFC and BBX Capital with the SEC,
including the Risk Factors sections thereof, which may be viewed
on the SECs website at www.sec.gov. The companies caution
that the foregoing factors are not exclusive.

About BBX CAPITAL CORPORATION (NYSE:BBX)

BBX Capital Corporation (BBX Capital) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as investments in operating businesses. The Company operates through three business segments: BBX, Renin and Sweet Holdings. The BBX segment consists of the activities associated with managing the commercial loan portfolio, real estate properties of BBX Capital and its subsidiaries, including BBX Partners, BBX Capital Asset Management, LLC (CAM) and Florida Asset Resolution Group, LLC (FAR). The Renin segment consists of the activities of Renin Holdings, LLC and its subsidiaries (Renin). Renin manufactures interior closet doors, wall decor, hardware and fabricated glass products. The Sweet Holdings segment consists of the activities of BBX Capital’s acquired operating businesses in the confection industry. The Sweet Holdings segment companies manufacture chocolate and hard candy products.

BBX CAPITAL CORPORATION (NYSE:BBX) Recent Trading Information

BBX CAPITAL CORPORATION (NYSE:BBX) closed its last trading session up +0.08 at 21.75 with 9,744 shares trading hands.