May 18, 2016 - 4:05 PM EDT
Print Email Article Font Down Font Up Charts

InfraREIT Announces Results of Annual Stockholders Meeting

DALLAS, May 18, 2016 /PRNewswire/ -- InfraREIT, Inc. (NYSE: HIFR) (InfraREIT or the Company) today announced the results of the Company's first Annual Meeting of Stockholders held this morning at 11:00 a.m. central time at the Fairmont Hotel, 1717 North Akard Street, Dallas, Texas.

InfraREIT, Inc. Logo.

At the meeting, stockholders approved the election of three Class I directors to serve for a three-year term and until their respective successors are duly elected and qualified.  The directors are David A. Campbell, President and Chief Executive Officer of InfraREIT; Storrow M. Gordon, former Executive Vice President, General Counsel and Corporate Secretary of Electronic Data Systems (EDS); and Trudy A. Harper, former President of Tenaska Power Services Co.

The stockholders also approved the ratification of the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2016.

"We would like to thank our stockholders for participating in our first Annual Meeting," said Campbell.  "Our solid performance in 2015 is a testament to the resiliency of our business model and strong alignment with Hunt as InfraREIT's manager, development partner and largest owner.  Our asset base of regulated transmission and distribution infrastructure, governed by multi-year leases, drives stable, reliable cash flows.  This in turn enables us to pursue sustainable dividend-per-share growth.  We are also committed to investing capital to meet critical infrastructure needs in our service territories, helping to ensure that these communities have safe and reliable service."

About InfraREIT, Inc.
InfraREIT is a real estate investment trust that owns rate-regulated electric transmission and distribution assets in the state of Texas.  The Company is externally managed by Hunt Utility Services, LLC, an affiliate of Hunt Consolidated, Inc. (a diversified holding company based in Dallas, Texas and managed by the Ray L. Hunt family) and the Company's shares are traded on the New York Stock Exchange under the symbol "HIFR".  Additional information on InfraREIT is available at http://www.InfraREITInc.com.

Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that state InfraREIT's or its management's intentions, beliefs, expectations or predictions about the business, financial performance and prospects of the Company, which, by their nature, involve known and unknown risks and uncertainties.  These statements include, but are not limited to, statements with respect to financial results, the payment of any dividend and the timing or amount of such payment.  Factors that could cause actual results to differ materially from those contemplated above include, among others, the risks and uncertainties discussed from time to time in the Company's filings with the U.S. Securities and Exchange Commission.  This press release speaks only as of the date hereof, and the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

For additional information, contact:



For Investors:

Brook Wootton


Director, Investor Relations


InfraREIT, Inc.


214-855-6748



For Media:

Jeanne Phillips


Senior Vice President, Corporate Affairs & International Relations


Hunt Consolidated, Inc.


214-978-8534

 

Logo - http://photos.prnewswire.com/prnh/20141107/157218LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/infrareit-announces-results-of-annual-stockholders-meeting-300271075.html

SOURCE InfraREIT, Inc.


Source: PR Newswire (May 18, 2016 - 4:05 PM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice