Peak Resorts Declares Dividend on Common and Preferred Stock; Completes Transition of Chief Financial Officer Role to Christoph

Peak Resorts Declares Dividend on Common and Preferred Stock; Completes
Transition of Chief Financial Officer Role to Christopher J. Bub

WILDWOOD, Mo., Oct. 04, 2017 (GLOBE NEWSWIRE) -- Peak Resorts,
Inc. (NASDAQ:SKIS), a leading owner and operator of high-quality, individually
branded ski resorts in the U.S., today announced that its Board of Directors
approved a quarterly cash dividend payment of $0.07 per share on its
outstanding common stock. The cash dividend is payable on November 10, 2017,
to common shareholders of record as of October 26, 2017. The board also
declared the first quarter cash dividend payment of $20.00 per share on its
Series A Preferred Stock following the conclusion of the initial nine-month
dividend free period.

“This payment marks the third quarterly common stock dividend since our
dividend reinstatement last February, and our first cumulative preferred stock
dividend to Cap 1 LLC, which owns 100% of our Series A Preferred Stock” said
Tim Boyd, President and CEO. “With increased liquidity, we have the financial
flexibility to support a return to shareholders while continuing to invest in
organic and inorganic growth initiatives.”

As previously announced, Christopher J. Bub assumed the CFO role on October
3rd, 2017. Bub has been with the company since 2015, working closely with the
former CFO, Stephen J. Mueller, on treasury, strategic planning, capital
allocation, financial reporting and investor relations matters. Mueller will
remain a member of the Board of Directors and assist the company during the
transition and with special projects and growth initiatives. 

About Peak Resorts
Headquartered in Missouri, Peak Resorts is a leading owner and operator of
high-quality, individually branded ski resorts in the U.S. The company
operates 14 ski resorts primarily located in the Northeast and Midwest, 13 of
which are company owned. 

The majority of the resorts are located within 100 miles of major metropolitan
markets, including New York City, Boston, Philadelphia, Cleveland and St.
Louis, enabling day and overnight drive accessibility. The resorts under the
company's umbrella offer a breadth of activities, services and amenities,
including skiing, snowboarding, terrain parks, tubing, dining, lodging,
equipment rentals and sales, ski and snowboard instruction and mountain biking
and other summer activities. To learn more, visit the company’s website at
ir.PeakResorts.com, or follow Peak Resorts on Facebook
(https://www.facebook.com/skipeakresorts) for resort updates.

Forward Looking Statements
This news release contains forward-looking statements regarding the future
outlook and performance of Peak Resorts, Inc., within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are subject
to a variety of risks and uncertainties that could cause actual results to
differ materially from current expectations. These risks and uncertainties are
discussed under the caption “Risk Factors” in the company’s Annual Report on
Form 10-K for the year ended April 30, 2017, filed with the Securities and
Exchange Commission (the “SEC”), and as updated from time to time in the
company’s filings with the SEC.  Peak Resorts undertakes no obligation to
release publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.

For Further Information:
312-690-6003
InvestorRelations@PeakResorts.com

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