DENVER, May 2, 2018 /PRNewswire/ -- RE/MAX
Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, LLC, one
of the world's leading franchisors of real estate brokerage
services, and of Motto Mortgage, an innovative mortgage brokerage
franchise, announced today that its Board of Directors declared a
quarterly cash dividend of $0.20 per
share of Class A common stock.
The dividend is payable on May 30,
2018 to shareholders of record at the close of business on
May 16, 2018.
About the RE/MAX Network
RE/MAX was founded in 1973 by David and
Gail Liniger, with an innovative, entrepreneurial culture
affording its agents and franchisees the flexibility to operate
their businesses with great independence. Over 115,000 agents
provide RE/MAX a global reach of over 100 countries and
territories. Nobody sells more real estate than RE/MAX as measured
by total residential transaction sides.
RE/MAX, LLC, one of the world's leading franchisors of real
estate brokerage services, and Motto Mortgage, an innovative
mortgage brokerage franchise, are subsidiaries of RMCO LLC, which
is controlled and managed by RE/MAX Holdings, Inc. (NYSE:
RMAX).
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are often identified by the use of words such as
"believe," "intend," "expect," "estimate," "plan," "outlook,"
"project," "anticipate," "may," "will," "would" and other similar
words and expressions that predict or indicate future events or
trends that are not statements of historical matters.
Forward-looking statements include statements related to dividends.
Forward-looking statements should not be read as a guarantee of
future performance or results, and will not necessarily accurately
indicate the times at which such performance or results may be
achieved. Forward-looking statements are based on information
available at the time those statements are made and/or management's
good faith belief as of that time with respect to future events,
and are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Such risks and
uncertainties include, without limitation, (1) the impact of the
findings and recommendations of the Special Committee on the
Company and its management and operations, including reputational
damage to the Company and the time and expenses incurred in
implementing the recommendations of the Special Committee, (2) any
legal proceedings or governmental or regulatory investigations or
actions directly or indirectly related to the underlying matters of
the Special Committee's internal investigation or other matters may
result in adverse findings, the imposition of fines or other
penalties, increased costs and expenses, and the diversion of
management's time and resources to address such matters, any of
which may have a material adverse effect on the Company, (3) the
impact of recent changes to our senior management team, (4) the
impact of disclosing previously undisclosed transactions between
members of our management team, including the loan from
David Liniger to Adam Contos, (5) the existence and
identification of control deficiencies, including disclosure
controls or internal controls over financial reporting, and any
impact of such control deficiencies as well as the associated costs
in remediating those control deficiencies, (6) changes in business
and economic activity in general, (7) changes in the real estate
market or interest rates and availability of financing, (8) the
Company's ability to attract and retain quality franchisees, (9)
the Company's franchisees' ability to recruit and retain real
estate agents and mortgage loan originators, (10) changes in laws
and regulations, (11) the Company's ability to enhance, market, and
protect the RE/MAX and Motto Mortgage brands, (12) fluctuations in
foreign currency exchange rates, as well as those risks and
uncertainties described in the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in the most recent Annual Report on Form
10-K filed with the Securities and Exchange Commission ("SEC") and
similar disclosures in subsequent periodic and current reports
filed with the SEC, which are available on the investor relations
page of the Company's website at www.remax.com and on the SEC
website at www.sec.gov. Readers are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date on which they are made. Except as required by law, the
Company does not intend, and undertakes no obligation, to update
this information to reflect future events or
circumstances.
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SOURCE RE/MAX Holdings, Inc.