On January 21, 2025, Lennar Corporation issued a press release reminding stockholders of key details regarding the taxable spin-off of Millrose Properties, Inc. The announcement highlighted the record date and commencement of the election period for stockholders in relation to the previously disclosed spin-off. This move underscores Lennar's efforts to provide clarity and updates to stakeholders about its corporate restructuring initiative.

The press release was filed as Exhibit 99.1 in Lennar's Form 8-K, marking an essential step in the spin-off process. This development aligns with Lennar's strategic focus on enhancing shareholder value while pursuing growth opportunities through its diversified business model.