WOODBRIDGE, ON, Aug. 14, 2018 /CNW/ - CONSOLIDATED HCI HOLDINGS CORPORATION (TSXV: CXA.H) announced today the declaration of a special cash dividend of Cdn. $0.225 per Class B Share. Shareholders of record at the close of business on August 28, 2018 ("Distribution Record Date") will be entitled to receive payment of the dividend on September 4, 2018 (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. August 27, 2018) 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 September 5, 2018, as of which date purchasers of shares will no longer have an attaching entitlement to the dividend. The due bill redemption date will be September 6, 2018.
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
For further information: Mr. Arnold J. Resnick, CPA, CA, Chief Financial Officer, 905-851-7741 (106)