LA JOLLA, Calif., July 24, 2017 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq: PICO) today announced that the Company will host an investor conference call and audio webcast on Wednesday, August 9th, 2017 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to discuss its financial results for the second quarter ended June 30, 2017.
To participate on the call please dial 1-844-792-3731 in the U.S. or 1-412-317-5124 outside the U.S., or visit the Investors section of PICO's web site at www.picoholdings.com for a live and archived webcast.
A telephone replay of the conference call will be available through August 16, 2017 at 1-877-344-7529 (U.S.) or 1-412-317-0088 (outside the U.S.) using replay access code 10110661.
About PICO Holdings
PICO Holdings is a diversified holding company. Currently, we believe the highest potential return to shareholders is from a return of capital to shareholders. As we monetize assets, rather than reinvest the proceeds, we intend to return the capital derived therefrom, less any working capital requirements, back to shareholders through a stock repurchase program or by other means such as special dividends taking into effect liquidity requirements, debt covenants and any other contractual and legal restrictions that may exist at the time.
As of March 31, 2017, our two major investments were:
- Vidler Water Company, Inc., a water resource development business; and
- a 56.7% interest in UCP, Inc. (NYSE: UCP), a publicly-traded homebuilder and land developer in markets located in California, Washington State, North Carolina, South Carolina and Tennessee.