PICO Holdings, Inc. Announces Water Asset Monetizations
PICO HOLDINGS (PICO)
US:NASDAQ Investor Relations:
investors.picoholdings.com/investor-overview
Company Research
Source: Business Wire
CARSON CITY, Nev.--(BUSINESS WIRE)--PICO Holdings, Inc. (NASDAQ:PICO) announced today that its wholly owned subsidiary, Vidler Water Company Inc., (“Vidler”) has closed or anticipates it will shortly close three separate sales of water assets from Vidler’s strategic water asset portfolio.In Nevada, a gold mining company exercised its option to purchase 470 acre-feet of Vidler’s water rights in Dodge Flat, northern Nevada for approximately $3 million.In addition, during the third quarter of 2019, Vidler’s 51% owned subsidiary, Fish Springs Ranch, LLC sold approximately 11.6 acre-feet of its water rights for approximately $405,000 to a multi-family development and commercial entity in the North Valleys area of Reno, Nevada.In Colorado, Vidler entered in to an agreement with the City of Golden for the sale of approximately 26 acre-feet of its water rights for approximately $590,000. Closing is expected by the end of the third quarter of 2019.PICO’s President and Chief Executive Offic
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