BXG Bluegreen Vacations Corporation

Item 8.01 Other Events.

On April 5, 2021, Bluegreen Vacations Holding Corporation (“BVH”), which currently beneficially owns approximately 93% of the outstanding shares of common stock of Bluegreen Vacations Corporation (“Bluegreen”), issued a press release announcing that it intends to take Bluegreen private through a statutory short-former merger under Florida law pursuant to which each share of Bluegreen’s common stock outstanding at the effective time of the merger, other than shares beneficially owned by BVH, will be converted into the right to receive 0.51 shares of BVH’s Class A Common Stock. The merger is not subject to any financing condition or shareholder approval. Under Florida law, the holder of more than 80% of the outstanding shares of Bluegreen’s common stock may effect a statutory short-form merger without the approval of, or action by, the Board of Directors or any other shareholders of Bluegreen. Accordingly, the Board of Directors of Bluegreen has not acted to approve or disapprove the merger, and the shareholders of Bluegreen will not be asked to approve or disapprove the merger or be furnished a proxy in connection with voting on the merger. BVH announced that it expects to effect the merger following the effectiveness of BVH’s Registration Statement on Form S-4 to be filed with the Securities and Exchange Commission with respect to the shares of BVH’s Class A Common Stock to be issued in the merger and the approval of the listing of those shares on the New York Stock Exchange. However, the merger may be terminated by BVH, in its sole discretion, at any time before it becomes effective, including in the event of pending or threatened litigation relating to the merger. The foregoing description of the contemplated merger has been derived from BVH’s press release, a copy of which is filed as Exhibit 99.1 hereto.