An anonymous director reports
KINGSWAY ANNOUNCES RESULTS OF SPECIAL MEETING AND ANTICIPATED TIMING OF DOMESTICATION TO DELAWARE
The board of directors of Kingsway Financial Services Inc. has released the results of shareholder voting that took place during the company's special meeting held Dec. 14, 2018.
At the special meeting, shareholders approved a special resolution (with the requisite 66.66-per-cent majority obtained) authorizing the directors of Kingsway to change the jurisdiction of incorporation of the corporation from the Province of Ontario to the State of Delaware. Complete details regarding the domestication were outlined in the management information circular of the company dated Nov. 16, 2018, mailed to shareholders of record and available on SEDAR.
Detailed results of the voting were as shown in the attached table.
Votes for % votes for Votes against % votes against
13,450,896 99.91% 12,572 0.09%
As previously announced, effective Dec. 19, 2018, the common shares will trade on the New York Stock Exchange and the warrants will trade on the OTC Market as both securities will be delisted from the Toronto Stock Exchange on such date.
The domestication is anticipated to take effect on or about Dec. 31, 2018.
About Kingsway Financial Services Inc.
Kingsway is a holding company that owns or controls subsidiaries primarily in the extended warranty, asset management and real estate industries. The common shares of Kingsway are currently listed on the TSX and the NYSE under the trading symbol KFS.
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