Mr. Arnold Resnick reports
CONSOLIDATED HCI HOLDINGS CORPORATION SHAREHOLDERS TO RECEIVE SPECIAL CASH DIVIDEND OF $0.03 PER SHARE
Consolidated HCI Holdings Corp. has declared a special cash dividend of three cents per Class B share. Shareholders of record at the close of business on Feb. 25, 2019, will be entitled to receive payment of the dividend on March 5, 2019. This dividend will be an eligible dividend for Canadian income tax purposes and the payment is subject to no conditions. In accordance with the applicable rules of the TSX Venture Exchange, the due-bill trading procedures of the TSX-V will apply to the distribution. The shares of the company will trade on a due-bill basis from one trading day prior to the distribution record date (Feb. 22, 2019) to the payment date inclusively. Any trades that are executed on the TSX-V during the due-bill period will be identified to ensure purchasers of the shares receive the entitlement to the distribution.
The shares will commence trading on an ex dividend basis on March 6, 2019, as of which date purchasers of shares will no longer have an attaching entitlement to the dividend. The due-bill redemption date will be March 7, 2019.
Consolidated HCI Holdings is an Ontario-based company that trades on the TSX Venture Exchange (NEX) under the symbol CXA.H.
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