TRI Pointe Group (TPH) Announces $250 Million Stock Repurchase Program

TRI Pointe Group, Inc. (the “Company”) (NYSE: TPH) today announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250 million of Company common stock through December 31, 2021 (the “Repurchase Program”). As of November 11, 2020, the Company had completed its prior stock repurchase program that was authorized earlier this year, pursuant to which the Company purchased an aggregate of 12,339,254 shares of common stock for approximately $200 million.

Under the Repurchase Program, the Company may repurchase shares of its outstanding common stock with an aggregate value of up to $250 million through December 31, 2021. Purchases of common stock pursuant to the Repurchase Program may be made in open market transactions effected through a broker-dealer at prevailing market prices, in block trades, or by other means in accordance with federal securities laws, including pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The Company is not obligated under the Repurchase Program to repurchase any specific number or amount of shares of common stock, and it may modify, suspend or discontinue the program at any time. Company management will determine the timing and amount of repurchase in its discretion based on a variety of factors, such as the market price of the Company’s common stock, corporate requirements, general market economic conditions and legal requirements.

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