Howard hughes holdings inc. board of directors approves separation of seaport entertainment group inc.

The woodlands, texas, july 18, 2024 (globe newswire) -- howard hughes holdings inc. (nyse: hhh) (the “company” or “hhh”) announced today that its board of directors has authorized and declared a pro rata distribution (the “distribution”) of 100% of the outstanding shares of common stock of seaport entertainment group inc. (“seaport entertainment”) to holders of record of hhh common stock as of the close of business on july 29, 2024 (the “record date”). the distribution is expected to be payable after market close on july 31, 2024 (the “distribution date”). as a result of the distribution, holders of hhh common stock will receive one share of seaport entertainment common stock for every nine shares of hhh common stock held at the close of business on the record date.
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