Tenting World Holdings Doubles its Common Dividend Going Ahead to $2.00 Per Share on Annualized Foundation and Pronounces Declaration of Quarterly Dividend

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LINCOLNSHIRE, IL, Aug. 23, 2021 – (BUSINESS WIRE) – Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or the “Company”), Americas Recreation Dealer, announced today that its board of directors of Directors has doubled the company’s quarterly dividend and announced a cash dividend of $ 0.50 per share on the company’s Class A common stock. Payment is expected to be made to shareholders of record on September 28, 2021 at the close of business on September 14, 2021.

The company’s regular dividend will increase from $ 0.25 per share to $ 0.50 per share on a quarterly basis and from $ 1.00 per share to $ 2.00 per share on an annual basis.

Marcus Lemonis, Chairman and Chief Executive Officer, said: “We are delighted with our strong performance and disciplined cash management and we continue to focus on our long-term profitable growth and the ability to continuously return capital to our shareholders. Increase our annualized dividend by 100% to $ 2.00 per share. “

If the CWH Class A common stock were increased, the CWH Class A cash dividend would be increased by a regular quarterly cash dividend of $ 0.15 per common unit of cash distribution from CWGS Enterprises, LLC to all holders of their common stock and a regular quarterly cash dividend of $ 0.35 per share will be funded a portion of the excess tax distributions from CWGS Enterprises, LLC to the holders of their joint interests.

Future declarations of quarterly dividends are subject to the decision and discretion of Camping World’s board of directors based on consideration of various factors including the company’s results of operations, financial condition, debt, expected capital requirements, contractual restrictions, restrictions in its debt arrangements, restrictions applicable law, receipt of tax surpluses from CWGS Enterprises, LLC, its business outlook, and other factors that the Camping World Board of Directors deems relevant.

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About Camping World Holdings, Inc.

Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (along with its subsidiaries) is America’s largest retailer of RVs and related products and services. Our vision is to build a long-standing traditional business that makes RV travel a pleasure, and our Camping World and Good Sam brands have been serving RV consumers since 1966 by combining a unique and comprehensive range of RV products and services with a national network of RV dealerships, service centers and customer care centers along with the most complete online presence in the industry and a highly skilled and knowledgeable team of people serving our customers, the RV lifestyle, and the communities in which we operate . We also believe that our Good Sam organization and family of programs and services uniquely enable us to connect with our customers as administrators of the RV enthusiast community and lifestyle. With over 185 locations in 40 states, Camping World and its sister company Gander RV & Outdoors have developed into first-class travel destinations for everything to do with motorhomes. More information is available at www.CampingWorld.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to Camping World and other matters. All statements in this press release other than historical facts may be forward-looking statements. Statements about our future earnings and financial position, our capital repatriation strategy and expected dividend payments are forward-looking statements. In some instances, you may refer to forward-looking statements using words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” ” ‘could,’ ” ‘intend’ ” ‘goals” ” Projects ” ” considered ” ” believes ” ” Estimates ” ” Predictions ” ” Potential ” or ” Next ” or the negation of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe could affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause our actual results, performance or accomplishments to differ materially from future results, performance or accomplishments expressed or implied in the forward-looking statements. You should carefully weigh the risks and uncertainties affecting our business, including the important factors identified under the heading “Risk Factors” in our Annual Report on Form 10-K, which is due out on SEK 31st. These forward-looking statements speak only as of the date of this release. Except as required by law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or for any other reason. However, we are encouraged to consult any additional disclosures we make on related matters in our public announcements and filings with the Securities and Exchange Commission.

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contacts

For Camping World Holdings, Inc.
Media outlets:
Karen Porter
[email protected]