Key Developments: HCI Group Inc (HCIIP.PK)

HCIIP.PK on OTC Markets Group

10.10USD
24 Apr 2014
Price Change (% chg)

-- (--)
Prev Close
$10.10
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
0
52-wk High
$53.80
52-wk Low
$10.10

Search Stocks

Latest Key Developments (Source: Significant Developments)

HCI Group Inc completes private offering of convertible senior notes - Form 8-K
Thursday, 12 Dec 2013 04:09pm EST 

HCI Group Inc:Says on Dec 11, HCI Group, Inc completed the private offering of $100 million in aggregate principal amount of the company‚Äôs 3.875% Convertible Senior Notes due 2019.Says it also granted to the initial purchasers an option to purchase up to an additional $15 million in aggregate principal amount of Notes.Says it has used about $30 million of the net proceeds from the sale of the Notes to repurchase an aggregate of 622,751 shares of its common stock pursuant to a prepaid forward contract with Deutsche Bank AG, London Branch.  Full Article

HCI Group Inc announces pricing of $100 million offering of convertible senior notes due 2019
Friday, 6 Dec 2013 09:05am EST 

HCI Group Inc:Says the pricing of an offering of $100 million aggregate principal amount of 3.875 percent convertible senior notes due 2019.Says HCI also granted the initial purchasers of the notes an option to purchase up to an additional $15 million aggregate principal amount of the notes.Says the notes will be senior unsecured obligations of HCI and will pay interest semiannually at a rate of 3.875 percent.Says the notes will mature on Mar. 15, 2019, unless converted in accordance with their terms prior to such date. Prior to Jan. 1, 2019.Says HCI intends to use up to $30 million of the net proceeds from the offering of the notes to repurchase shares of its common stock pursuant to a prepaid forward contract.Says HCI intends to use the remaining net proceeds from the offering for general corporate purposes including, but not limited to, working capital.  Full Article

HCI Group Inc Proposes $100 million offering of convertible senior notes due 2019
Thursday, 5 Dec 2013 07:55am EST 

HCI Group Inc:Says it intends to offer $100 million aggregate principal amount of convertible senior notes due 2019 in a private placement to qualified, institutional buyers.HCI also expects to grant the initial purchasers of the notes an option to purchase up to an additional $15 million aggregate principal amount of the notes.HCI intends to use up to $30 million of the net proceeds from the offering of the notes to repurchase shares of its common stock pursuant to the terms of a prepaid forward transaction entered into in connection with the offering of the notes.The remaining proceeds from the offering for general corporate purposes including, but not limited to, working capital.  Full Article

HCI Group Inc Announces Quarterly Common Dividend
Friday, 18 Oct 2013 04:20pm EDT 

HCI Group, Inc announced that its board of directors has declared a regular quarterly cash dividend in the amount of USD0.275 per common share for the fourth quarter of 2013, which represents a 22.2% increase over the previous quarterly rate of 22.5 cents per share. The dividend will be paid Dec. 20, 2013 to shareholders of record on the close of business Nov. 15, 2013.  Full Article

HCI Group Inc Declares Regular Quarterly Cash Dividend on Common Shares
Tuesday, 16 Jul 2013 04:30pm EDT 

HCI Group Inc announced that its board of directors has declared a regular quarterly cash dividend in the amount of $0.225 per common share for the third quarter of 2013. The dividend will be paid September 20, 2013 to shareholders of record on the close of business August 16, 2013.  Full Article

HCI Group Inc Wins Court Case Against Aon Benfield In RSA Dispute
Thursday, 13 Jun 2013 07:04am EDT 

HCI Group, Inc. formerly Homeowners Choice, Inc., announced that it has won a breach of contract dispute with reinsurance intermediary giant Aon Benfield in which HCI claimed monies were owed under a 2009 revenue sharing agreement. Such agreements are commonly called RSAs. In 2009, Aon agreed to share with HCI revenues Aon would receive when placing HCI's reinsurance coverage. Later, it refused to pay after HCI elected to use another intermediary for the following year. According to Aon, the RSA contained a clause that said no shared revenue would be payable any time after HCI decided to terminate or replace Aon and that HCI therefore forfeited its a share of the revenue when it did not renew its relationship with Aon. HCI sued in federal court in Chicago, Illinois contending the RSA, which was authored by Aon and contained no renewal provisions, was never intended to be more than a one-year deal and the purported forfeiture provision was ambiguous and thus not enforceable. The federal trial judge agreed with HCI and on March 23, 2013 awarded HCI $744,402.06 in damages and interest.  Full Article

Homeowners Choice Inc Changes Name To HCI Group Inc
Thursday, 23 May 2013 04:01pm EDT 

Homeowners Choice Inc announced that it has changed its name to HCI Group Inc. as approved by shareholders at its annual shareholders' meeting held.  Full Article

Homeowners Choice Inc Declares Dividends On Preferred Shares
Wednesday, 22 May 2013 06:56pm EDT 

Homeowners Choice, Inc., doing business as HCI Group, Inc., announced that it has declared cash dividends of $0.05833 per share on its Series A Cumulative Redeemable Preferred Stock (HCIIP) for the months ending June 30, July 31 and August 31, 2013. Preferred Dividend Payout Schedule: The June 2013 dividend is payable July 29, 2013 to shareholders of record at the close of business on July 1, 2013; The July 2013 dividend is payable August 27, 2013 to shareholders of record at the close of business on August 1, 2013; and The August 2013 dividend is payable September 27, 2013 to shareholders of record at the close of business on September 3, 2013.  Full Article

Homeowners Choice Inc Declares Regular Quarterly Cash Dividend On Common Shares
Monday, 8 Apr 2013 08:01am EDT 

Homeowners Choice Inc announced that its board of directors has declared a regular quarterly cash dividend in the amount of 22.5 cents per common share for the second quarter of 2013. The dividend will be paid June 21, 2013 to shareholders of record on the close of business May 17, 2013.  Full Article

Homeowners Choice Inc Declares Dividends On Preferred Shares
Thursday, 7 Mar 2013 04:03pm EST 

Homeowners Choice Inc announced that Board Of Directors has declared cash dividends of 5.833 cents per share on its Series A Cumulative Redeemable Preferred Stock (HCIIP) for the months ending March 31, April 30 and May 31, 2013. The March 2013 dividend is payable April 29, 2013 to shareholders of record at the close of business on April 1, 2013. The April 2013 dividend is payable May 28, 2013 to shareholders of record at the close of business on May 1, 2013. The May 2013 dividend is payable June 27, 2013 to shareholders of record at the close of business on June 3, 2013.  Full Article

Search Stocks