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