Consolidated HCI Holdings Corporation Announces Voting Results of Special Meeting

WOODBRIDGE, ON, April 28, 2017 /CNW/ - CONSOLIDATED HCI HOLDINGS CORPORATION (the "Company") announces that the special resolution approving the sale of substantially all of its assets comprising its 50% interest in its investment properties located at 7700 Keele Street and the adjacent property located at 2267 Highway 7, both in Vaughan, Ontario was passed at its special meeting of shareholders held on April 28, 2017, the results being as follows:

Class B Shares represented at the meeting:             

18,819,661

Total Outstanding Class B Shares:                            

20,575,866

Percentage of Outstanding Class B Shares
   represented at the Meeting:                                  

91.46%


Votes For:

18,814,084 shares (99.97%)


Votes Against:

5,577 (0.03%)

Disinterested Shareholder Votes:



Votes For:

2,967,325 shares (99.81%)


Votes Against:

5,577 shares (0.19%)

 

The sale transaction is expected to close on or about June 30, 2017.

Consolidated HCI Holdings Corporation is an Ontario-based real estate and development company that trades on the Toronto Stock Exchange under the symbol "CXA.B".

SOURCE Consolidated HCI Holdings Corporation

For further information: Mr. Arnold J. Resnick, 905-851-7741 (106)

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