FMMH - Fremont Michigan InsuraCorp, Inc. Announces Two-For-One Stock Split
Wednesday October 18, 7:43 am ET
FREMONT, Mich., Oct. 18 /PRNewswire-FirstCall/ -- Fremont Michigan InsuraCorp, Inc. (OTC Bulletin Board: FMMH - News), a Michigan-based provider of property and casualty insurance, today announced that its Board of Directors has approved a two-for-one stock split on its common stock in the form of a 100% stock dividend. The record date is October 31, 2006, and stockholders of record at the close of business on the record date will receive one additional share for every share held. The dividend shares will be payable on November 17, 2006.
No paper stock certificates will be issued as the distribution will be made through the book-entry system maintained by the Corporation's stock transfer agent, Registrar and Transfer Company. After the split, Fremont Michigan InsuraCorp, Inc. will have approximately 1,725,000 shares outstanding.
ABOUT FREMONT MICHIGAN INSURACORP, INC.
Fremont Michigan InsuraCorp, Inc. through its wholly owned subsidiary Fremont Insurance Company provides property and casualty insurance to individuals, small businesses and farms throughout the state of Michigan. We have served Michigan policyholders for over 130 years. For more information, visit our website at www.fmic.com.
Certain of the statements contained herein (other than statements of historical facts) are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. These forward- looking statements are subject to change and uncertainty that are, in many instances, beyond the company's control and have been made based upon management's expectations and beliefs concerning future developments and their potential effect on Fremont Michigan InsuraCorp, Inc.
There can be no assurance that future developments will be in accordance with management's expectations so that the effect of future developments on Fremont Michigan InsuraCorp, Inc. will be those anticipated by management. Actual financial results including premium growth and underwriting results could differ materially from those anticipated by Fremont Michigan InsuraCorp, Inc. depending on the outcome of certain factors, which may include changes in property and casualty loss trends and reserves; catastrophe losses; the insurance product pricing environment; changes in applicable law; government regulation and changes therein that may impede the ability to charge adequate rates; changes in accounting principles; performance of the financial markets; fluctuations in interest rates; availability and price of reinsurance; and the status of the labor markets in which the company operates.
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Source: Fremont Michigan InsuraCorp, Inc.
