Exhibit 12.1

VECTOR GROUP LTD.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Thousands, Except Ratios)

(Unaudited)

	Year Ended December 31,
	2013		2012		2011		2010		2009
Earnings as defined:
Pre-tax income (loss)	63,487		53,717		123,157		85,570		28,537
Distributions from investees	4,251		19,169		9,322		12,212		6,715
Interest expense	147,084		132,538		93,939		72,572		104,415
(Income) in equity of affiliate	(22,925	)	(29,764	)	(19,966	)	(23,963	)	(15,213	)
Interest portion of rental expense (1)	2,174		1,367		1,438		1,223		1,301
Total earnings	194,071		177,027		207,890		147,614		125,755
Fixed charges as defined:
Interest expense	147,084		132,538		93,939		72,572		104,415
Interest portion of rent expense (1)	2,174		1,367		1,438		1,223		1,301
Total fixed charges	149,258		133,905		95,377		73,795		105,716
Ratio of earnings to fixed charges	1.3		1.32		2.18		2.00		1.19

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