Investor Presentaiton
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kb Deferred Tax Asset Value and Protection
HOME
At Feb. 28, 2022, KB Home had net deferred tax
assets (DTA) of approximately $173 million
To support the realization of the DTA, KB Home has
undertaken a number of steps to avoid experiencing
an "ownership change" under federal tax laws
The primary protection is a Rights Agreement
approved by stockholders in 2009, 2018 and 2021
(which extended the latest expiration to Apr. 30,
2024). The Rights Agreement provides authority for
the distribution of dilutive stock purchase rights in
connection with an acquisition of 4.9% or more of KB
Home's outstanding common stock.
At Feb. 28, 2022, there were 88.6 million shares of
common stock outstanding
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