Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 40

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 40
---
 DTC. DTC has informed us that DTC is:

| • |     | a limited-purpose trust company organized under the New York Banking Law; |

| • |     | a “banking organization” within the meaning of the New York Banking Law; |

| • |     | a member of the Federal Reserve System; |

| • |     | a “clearing corporation” within the meaning of the New York Uniform Commercial Code; and |

| • |     | a “clearing agency” registered under Section 17A of the Exchange Act. |

S-24

DTC holds securities for its participating organizations that its participants (collectively, the “participants”) deposit with DTC and facilitates the settlement among participants of securities transactions, such as transfers and pledges, in deposited securities, through electronic computerized book-entry changes in participants’ accounts, thereby eliminating the need for physical movement of securities certificates. Direct participants include securities brokers and dealers, trust companies, clearing corporations and other organizations. DTC is owned by a number of its direct participants and by the NYSE and the Financial Industry Regulatory Authority, Inc. Access to the DTC system is also available to others, such as securities brokers and dealers, banks and trust companies (collectively, the “indirect participants”) that clear through or maintain a custodial relationship with a direct participant, either directly or indirectly. The rules applicable to DTC and its participants are on file with the SEC. Persons who are not participants may beneficially own securities held by or on behalf of DTC only through DTC’s participants or DTC’s indirect participants. We are providing the following descriptions of the operations and procedures of DTC to the holders solely as a matter of convenience. These operations and procedures are solely within the control of DTC and are subject to change by DTC from time to time. None of us, the underwriters or the Trustee takes any responsibility for these operations or procedures, and each holder is urged to contact DTC or its participants directly to discuss these matters. We expect that under procedures established by DTC:

| • |     | Upon deposit of the global notes with DTC or its custodian, DTC will credit on its internal system the                     
 accounts of direct participants designated by the underwriters with portions of the principal amounts of the global notes. |

| • |     | Ownership of the Notes will be shown on, and the transfer of ownership thereof will be effected only                                                                                                                    
 through, records maintained by DTC or its nominee, with