Regulation FD Disclosure.
Completion of Douglas Elliman
On December 30, 2021 Vector Group Ltd. (“Vector Group”)
announced that at 11:59 p.m., New York City time, on December 29,
2021, it completed the spin-off of Douglas Elliman Inc.
(“Douglas Elliman”) into a standalone, publicly traded company.
Douglas Elliman’s common stock will begin “regular way” trading on
the New York Stock Exchange on December 30, 2021 under the
Vector Group will continue to operate its tobacco business, which
includes the manufacturing and sale of cigarettes in the U.S.
through its subsidiaries Liggett Group LLC and Vector Tobacco Inc.,
and will continue to own interests in numerous properties and real
estate projects across the U.S. through New Valley LLC.
A copy of the press release related to the completion of the
spin-off of Douglas Elliman
is attached as Exhibit 99.1 and is incorporated herein by
The information furnished under Item 7.01 of this Current Report on
Form 8-K, including Exhibit
99.1, shall not be deemed to be “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or otherwise subject to the liabilities of
that section, and shall not be deemed to be incorporated by
reference into any of Vector Group’s filings under the Securities
Act or the Exchange Act, whether made before or after the date
hereof and regardless of any general incorporation language in such
filings, except to the extent expressly set forth by specific
reference in such a filing.
This Current Report on Form 8-K contains forward-looking
statements, which involve risk and uncertainties. The words
“believe,” “expect,” “estimate,” “may,” “will,” “could,” “plan,” or
“continue” and similar expressions are intended to identify
forward-looking statements. Vector Group’s actual results could
differ significantly from the results discussed in such
forward-looking statements. Factors that could cause or contribute
to such differences in results and outcomes include, without
limitation, those discussed under the heading “Risk Factors” in
Vector Group’s Annual Report on Form 10-K for the year ended
December 31, 2020 and in Vector Group’s Form 10-Q for the quarterly period ended
September 30, 2021. Readers are urged not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this Current Report on Form 8-K. Vector Group undertakes no
obligation to (and expressly disclaims any obligation to) revise or
update any forward-looking statement, whether as a result of new
information, subsequent events, or otherwise (except as may be
required by law), in order to reflect any event or circumstance
which may arise after the date of this Current Report on Form
Financial Statements and Exhibits.