NEW YORK--(BUSINESS WIRE)--
Tiptree Inc. (NASDAQ:TIPT) (“Tiptree”) today announced that it has
completed a corporate reorganization (the “Reorganization”) that
eliminates Tiptree’s dual class stock structure. Effective April 10,
2018, as a result of the Reorganization, Tiptree directly owns 100% of
Tiptree Operating Company, LLC, the operating subsidiary that holds all
of Tiptree’s consolidated subsidiaries.
Effective April 10, 2018, Tiptree has 37,933,595 shares of Class A
common stock outstanding (excluding 5,118,438 shares of Class A common
stock held by a subsidiary of Tiptree). All Class B common stock were
canceled in connection with the Reorganization and Tiptree’s Class A
common stock is the only outstanding class of stock of Tiptree.
About Tiptree
Tiptree Inc. (NASDAQ: TIPT) is a holding company that combines insurance
operations with investment management expertise. Tiptree’s principal
operating subsidiary is a leading provider of specialty insurance
products and related services, including credit protection, warranty,
and programs which underwrite niche personal and commercial lines of
insurance. Tiptree also allocates capital across a broad spectrum of
investments, which is referred to as Tiptree Capital. Today, Tiptree
Capital consists of asset management operations, mortgage operations and
other investments. For more information, please visit www.tiptreeinc.com.
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Tiptree Inc.
Investor Relations, 212-446-1400
ir@tiptreeinc.com
Source: Tiptree Inc.