Taylor Morrison Home (TMHC) Renews Share Buyback

Taylor Morrison Home Corporation (NYSE: TMHC) today announced that its Board of Directors authorized a renewal of its stock repurchase program through December 31, 2025. The program permits the repurchase of up to $500 million of the Company's Common Stock and replaces the Company's prior repurchase authorization that was scheduled to expire on December 31, 2023.

"Our balanced capital allocation framework aims to invest in future growth, maintain a healthy capital position and return capital to shareholders to drive long-term shareholder value. Enabled by our strong financial performance, we have repurchased over $1.4 billion of our shares outstanding since 2015 while also fortifying our balance sheet and significantly growing our business. Today's renewal highlights our commitment to that strategy," said Chief Financial Officer Curt VanHyfte.

Repurchases of the Company's common stock under the program may occur from time to time in open market purchases, privately negotiated transactions or other transactions. Future repurchases under the stock repurchase program are subject to prevailing market conditions and other considerations, including the Company's liquidity, the terms of its debt instruments, planned land investment and development spending, acquisition and other investment opportunities and ongoing capital requirements.

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