CBL & Associates Properties, Inc. Addresses Baseless Allegations in Media Coverage
CBL & Associates Properties, Inc. (NYSE:CBL) today issued the following statement in response to baseless allegations in
media coverage.
“Tuesday night’s story referencing our company in The Wall Street Journal included serious allegations from unnamed sources. We
believe these allegations to be completely baseless and take very seriously any questions regarding our accounting and financial
practices. We strongly deny and will seek to understand the origin of these allegations. As we told the reporter - who contacted
our company for the first time on Tuesday regarding this matter - neither the company nor its executives have been contacted by the
FBI, the SEC or any regulatory agency regarding our company’s accounting or financial practices. At all times, our company operates
with the utmost integrity and holds itself to the highest ethical standards. We have stringent policies and procedures in place to
ensure all of our accounting and financial processes and reporting comply with applicable laws, rules and regulations.”
About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, CBL is one of the largest and most active owners and developers of malls and shopping centers
in the United States. CBL owns, holds interests in or manages 145 properties, including 91 regional malls/open-air centers. The
properties are located in 31 states and total 84.9 million square feet including 8.0 million square feet of non-owned shopping
centers managed for third parties. Additional information can be found at cblproperties.com.
Information included herein contains "forward-looking statements" within the meaning of the federal securities laws.
Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of
which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from
the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings
with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K and the
"Management's Discussion and Analysis of Financial Condition and Results of Operations" included therein, for a discussion of such
risks and uncertainties.
CBL & Associates Properties, Inc.
Investor Relations:
Katie Reinsmidt, 423-490-8301
Senior Vice President - Investor Relations and Corporate Investments
katie.reinsmidt@cblproperties.com
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