Taylor Morrison Home Corporation
Taylor Morrison Home Corporation Announces $50 Million Accelerated Share Repurchase Agreement
Summary
On March 5, 2024, Taylor Morrison Home Corporation entered into an accelerated share repurchase agreement with JPMorgan Chase Bank, National Association. The Company will purchase an aggregate of $50 million of its common stock as part of its previously announced $500 million share repurchase program. The repurchase will be based on the closing share price of the Common Stock on March 5, 2024, and final settlement is expected no later than the third quarter of 2024.
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About Taylor Morrison Home Corporation
Taylor Morrison Home Corporation is a residential homebuilder and land developer, primarily focused on providing innovative residential properties throughout the United States. As one of the country's leading public homebuilders, it specializes in the construction and sale of single-family detached and attached homes. Its portfolio caters to various segments, including first-time, move-up, and luxury homebuyers, offering them a range of housing options tailored to different life stages and budgets. Headquartered in Scottsdale, Arizona, Taylor Morrison operates under a strong brand reputation, supported by a commitment to quality craftsmanship and sustainable design. The company significantly influences the housing market in numerous states, predominantly in the South, West, and Central regions of the U.S. In addition to homebuilding, Taylor Morrison provides financial services that facilitate the homeownership process, including mortgage financing, title insurance, and closing services. The corporation plays a crucial role in the broader residential construction sector, responding to the fluctuating demands of the housing market while contributing to community developments and economic growth.
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