CONCORD, ON, Feb. 11, 2019 /CNW/ - CONSOLIDATED HCI HOLDINGS
CORPORATION (TSXV: CXA.H) announced today the declaration of a
special cash dividend of Cdn.$0.03
per Class B Share. Shareholders of record at the close of business
on February 25, 2019 ("Distribution
Record Date") will be entitled to receive payment of the dividend
on March 5, 2019 (the "Payment
Date"). 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
("TSXV"), the "due bill" trading procedures of the TSXV 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 (i.e. February 22, 2019) to the
Payment Date inclusively (the "due bill period"). Any trades that
are executed on the TSXV 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 Corporation is an Ontario-based company that trades on the TSX
Venture Exchange (NEX) under the symbol "CXA.H".
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Consolidated HCI Holdings Corporation