HCI Group Declares Dividends on Preferred Shares
17 Marzo 2014 - 2:05PM
HCI Group, Inc. (NYSE:HCI) has declared cash dividends of 5.833
cents per share on its Series A Cumulative Redeemable Preferred
Stock (OTCQB:HCIIP) for the months ending March 31, 2014, April 30,
2014 and May 31, 2014.
Preferred Dividend Payout Schedule
- The March 2014 dividend is payable April 28, 2014 to
shareholders of record at the close of business on April 1,
2014
- The April 2014 dividend is payable May 27, 2014 to shareholders
of record at the close of business on May 1, 2014
- The May 2014 dividend is payable June 27, 2014 to shareholders
of record at the close of business on June 2, 2014
The company previously announced that beginning April 1, 2014
Series A Preferred shareholders will no longer have the right to
convert their shares into HCI Group, Inc. common
shares. Series A Preferred shareholders wishing to convert
their shares into common shares before the cancellation date should
contact their investment advisors. The company voluntarily
delisted the Series A Preferred Shares from the NASDAQ Capital
Market on February 27, 2014.
About HCI Group, Inc.
HCI Group, Inc. owns subsidiaries engaged in diverse, yet
complementary business activities, including homeowners' insurance,
reinsurance, real estate and information technology services. The
company's largest subsidiary, Homeowners Choice Property &
Casualty Insurance Company, Inc., is a leading provider of property
and casualty insurance in the state of Florida.
The company's common shares trade on the New York Stock Exchange
under the ticker symbol "HCI" and are included in the S&P
SmallCap 600 Index. Its 8% Senior Notes trade on the New York Stock
Exchange under the ticker symbol "HCJ." For more information about
HCI Group, visit www.hcigroup.com.
Forward-Looking Statements
This news release may contain forward-looking statements made
pursuant to the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "estimate," "expect," "intend," "plan,"
"confident," "prospects" and "project" and other similar words and
expressions are intended to signify forward-looking statements.
Forward-looking statements, including statements about future
dividend payments, are not guarantees of future financial results
and conditions and are subject to various risks and uncertainties.
Some of these risks and uncertainties are identified in the
company's filings with the Securities and Exchange Commission.
Should any risks or uncertainties develop into actual events, these
developments could have material adverse effects on the company's
business, financial condition and results of operations. HCI Group,
Inc. disclaims all obligations to update any forward-looking
statements.
CONTACT: Company Contact:
Kevin Mitchell, Vice President of Investor Relations
HCI Group, Inc.
Tel (813) 405-3603
kmitchell@hcigroup.com
Investor Relations Contact:
Matt Glover or Michael Koehler
Liolios Group, Inc.
Tel (949) 574-3860
hci@liolios.com
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