Exhibit 12.1

VECTOR GROUP LTD.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Thousands, Except Ratios)

(Unaudited)

	Year Ended December 31,
	2014		2013		2012		2011		2010
Earnings as defined:
Pre-tax income (loss)	82,487		63,487		53,717		123,157		85,570
Distributions from investees	5,152		4,251		19,169		9,322		12,212
Interest expense	146,787		147,084		132,538		93,939		72,572
(Income) in equity of affiliate	(4,103	)	(22,925	)	(29,764	)	(19,966	)	(23,963	)
Interest portion of rental expense (1)	7,505		2,174		1,367		1,438		1,223
Total earnings	237,828		194,071		177,027		207,890		147,614
Fixed charges as defined:
Interest expense	146,787		147,084		132,538		93,939		72,572
Interest portion of rent expense (1)	7,505		2,174		1,367		1,438		1,223
Total fixed charges	154,292		149,258		133,905		95,377		73,795
Ratio of earnings to fixed charges	1.54		1.30		1.32		2.18		2.00

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(1) One-third of rent expense is the portion deemed representative of the interest factor.