[September 22, 2009] BFC Financial Corporation Announces Board Approval of Share Repurchase Program Tweet FORT LAUDERDALE, FL, Sep 22, 2009 (MARKETWIRE via COMTEX) -- BFC Financial Corporation (PINKSHEETS: BFCF) announced today that its board of directors has approved a share repurchase program which authorizes the repurchase of up to 20,000,000 shares of Class A and Class B Common Stock at an aggregate cost of no more than $10 million. This program replaces the $10 million share repurchase program that BFC's board of directors approved in October 2006 which placed a cap on the number of shares which could be repurchased under the program at 1,750,000 shares of Class A Common Stock. BFC previously repurchased 100,000 shares of Class A Common Stock at an aggregate cost of $54,000 under the prior program. The current program, like the prior program, authorizes management, at its discretion, to repurchase shares from time to time subject to market conditions and other factors. About BFC Financial Corporation: BFC Financial Corporation's (PINKSHEETS: BFCF) current major holdings include its wholly-owned subsidiary, Woodbridge Holdings, LLC (formerly Woodbridge Holdings Corporation), and its subsidiaries, its controlling interest in BankAtlantic Bancorp, Inc. (NYSE: BBX) and its wholly-owned subsidiary, BankAtlantic, and a non-controlling interest in Benihana, Inc. (NASDAQ: BNHN). BFC Contact Info: Investor and Corporate Communications: Sharon Lyn Vice President Email: Email Contact Investor Relations: Leo Hinkley SVP, Investor Relations Officer Email: Email Contact Mailing Address and Telephone: BFC Financial Corporation Attn: Investor Relations 2100 West Cypress Creek Road Fort Lauderdale, FL 33309 Phone: (954) 940-4994 SOURCE: BFC Financial Corporation http://www2.marketwire.com/mw/emailprcntct?id=7786D8CA3919E231 http://www2.marketwire.com/mw/emailprcntct?id=552742EA8551F93C [ Back To TMCnet.com's Homepage ]