TIPTREE INC. (NASDAQ:TIPT) Files An 8-K Regulation FD Disclosure

OnMarch19, 2018, Tiptree Inc. (the “Company”) issued a press release announcing that the Company has engaged a broker in connection with a share repurchase program for the daily repurchase of up to $10 million of the Company’s outstanding Class A common stock ("Shares"). The Shares repurchased will be held at a subsidiary as treasury shares and will not be outstanding for accounting or voting purposes.

The press release also announced that the Company’s Board of Directors extended the Company’s authorization to make additional block repurchases of up to $10 million of Shares in the aggregate, at the discretion of the Company's Executive Committee. Consistent with the previous authorization, the Company expects such share repurchases to be made from time to time in the open market or through privately negotiated transactions, or otherwise, subject to applicable laws and regulations. The timing of such share repurchases will depend on a variety of factors, including but not limited to, stock price, trading volume and general market conditions. The Company may repurchase less than the combined $20 million of Shares indicated above.

The information in Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1 shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section. Furthermore, the information in Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

(d) List of Exhibits:

TIPTREE INC. ExhibitEX-99.1 2 a991031918.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1Tiptree Announces $20 Million Stock Repurchase Program NEW YORK–(BUSINESS WIRE)—March 19,…To view the full exhibit click here
About TIPTREE INC. (NASDAQ:TIPT)
Tiptree Inc., formerly Tiptree Financial Inc., is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through five segments: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other. The insurance and insurance services segment operates through Fortegra Financial Corporation. The specialty finance segment operates through Siena Capital Finance LLC and Luxury Mortgage Corp. The real estate segment operates through Care LLC. The asset management segment operations include Telos Asset Management’s management of collateralized loan obligations and Muni Capital Management’s management of Non-Profit Preferred Funding Trust I. The corporate and other segment operations include Tiptree Direct Holdings LLC (TDH) and Muni Funding Company of America LLC (MFCA).