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InterGroup board announces 100,000 increase in share repurchase program

The InterGroup Corporation announced that its Board of Directors has authorized the company to purchase up to an additional 100,000 shares of the company's common stock under its existing stock repurchase program. That action increased the total remaining number of shares authorized for repurchase to approximately 100,700 shares. The purchases will be made, in the discretion of management, from time to time, in the open market or through privately negotiated third party transactions depending on market conditions and other factors.