Lennar Confirms Expiration Date of Exchange Offer

Core Points - Lennar Corporation is proceeding with an Exchange Offer to exchange approximately 20% of its total outstanding shares of Millrose Properties, Inc. for outstanding shares of Lennar Class A common stock, set to expire on November 21, 2025 [1][2] - Millrose has requested the acceleration of the effectiveness of its registration statement with the SEC, which is necessary for the completion of the Exchange Offer [2] - If the SEC does not declare the registration statement effective by the expiration date, Lennar may need to extend or terminate the Exchange Offer [2] Company Overview - Lennar Corporation, founded in 1954, is a leading builder of quality homes across various segments, including affordable, move-up, and active adult homes [3] - The company also provides financial services, including mortgage financing and title services, primarily for its homebuyers, and develops high-quality multifamily rental properties [3] Additional Information - The Exchange Offer is made solely by the Prospectus, which contains important information about the offer and the companies involved [6][7] - Holders of Lennar Class A common stock can access the Prospectus and related documents free of charge on the SEC's website [8]