HCI Group Declares Dividends on Preferred Shares

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| Source: HCI Group, Inc.

TAMPA, Fla., Dec. 24, 2013 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) has declared cash dividends of 5.833 cents per share on its Series A Cumulative Redeemable Preferred Stock ("HCIIP") for the months ending December 31, 2013, January 31, 2014 and February 28, 2014.

Preferred Dividend Payout Schedule

  • The December 2013 dividend is payable January 27, 2014 to shareholders of record at the close of business on January 2, 2014
  • The January 2014 dividend is payable February 27, 2014 to shareholders of record at the close of business on February 3, 2014
  • The February 2014 dividend is payable March 27, 2014 to shareholders of record at the close of business on March 3, 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 Russell 2000 Index and S&P SmallCap 600 Index. Its 8% Senior Notes trade on the New York Stock Exchange under the ticker symbol "HCJ." Its 7% Series A, cumulative redeemable preferred shares trade on the NASDAQ Capital Market under the ticker symbol "HCIIP." 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" 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 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.

Company Contact:
Kevin Mitchell, Vice President of Investor Relations
HCI Group, Inc.
Tel (813) 405-3281


Investor Relations Contact:
Matt Glover or Michael Koehler
Liolios Group, Inc.
Tel (949) 574-3860