CBL Properties repurchases 500,000 shares for $12.525M; completes $25M buyback program

CBL & ASSOCIATES PROPERTIES INC

Block repurchase of 500,000 shares at ~$25.05/share from a single shareholder, funded separately from existing program.
Prior $25M buyback completed as of Sept 20, 2024: 1,074,826 shares repurchased at $23.259 weighted avg price.
Total shares repurchased exceed 1.5 million; shares outstanding after cancellation are 30,749,272.
CEO Lebovitz cites confidence in future and commitment to returning value to shareholders.

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