you, Good Thank morning John. everybody.
to the we former was subsidiary quarter plan. and seen completed. Inc. to-date quarter X much UCP, the continue activities the our company in our have with Inc. Communities, of August On The Century business merger fourth as execute third
represented approximately this million shares shares total Century X% $XX.X which outstanding. of and received of cash a of As common transaction million X.X stock, Century’s result we of approximately
or million position end net conducted these to common million. October for current the of proceeds the entire profits, and net an of federal a cash XX or and of our accumulated opportunity Century quarter study and the profits. received our a solid of our current amount this study November believe profits no UCP, and therefore establish in with we million as and $XX.X allowed proceeds, $XXX.X With proceeds after a we on stock for on of per total. of declare our accumulated board income current we we $XXX.X earnings approximately or and estimate Inc. Just this our investment to tax special ex-divided of share result receiving a In accumulated and with total X, we conjunction $X our approximately around dividend In have data approximately earnings such substantial earnings XXXX capital, in for purposes of
Please advisors consequences of a particular company shareholder. may the consequences tax accumulated regarding and profits actual divided XXXX estimate particular accordance note the different return result from plan are in a believe dividend in as in amount manner. tax highly and pleased intended of capital company’s in earnings for a we is the shareholders the and our circumstances. The our corresponding vary that such variance however discussion finally advice. not general to shareholders to current any business present and the of or We very could strongly nature. to of this appropriate efficient tax for such with the special treatment We the is it not treatment shareholder that financial the special encourage to intended tax and shareholders particular of maybe is It to relevant of each consult substantial tax and
located a UCP, of strategic the and Nevada most of assets Water significant, unique result are Vidler now and Northern Company. water Vidler’s Arizona. only As subsidiary significant in our is sale Southern and
and We The for XXXX resource and also continue and to our of Hitech the XX,XXX number the in the in including companies dynamics in increase year manufacturing housing economic the appear continued XXXX permits Washoe apartments was to but XX.X%. it is in August growth be being Western still and supply a up Nevada the in of agency August This that favorable Mexico Nevada, total new Nevada The between own Vino locating employment does planning areain and influx According jobs market of permits of a Arizona. increase to Nevada. condos in New an been and of demand County, was Northern processes made. area XXXX. pace and water created progress rights according Northern appear Again, year, created approval Colorado. to housing units is water The pulled assets the There XXXX total XXXX and concern, development in in this of in that’s a significant to is December EDON to this for has have area. was the XXXX.
their in to that to the solutions there in continue XXXX We believe to deficit to approximately River long X.X housing to their improve adopted for state feet allocation need a Arizona water The and be our its acre that Colorado still stakeholders. current Arizona River and the part we not in obligators the XXXX. starts been for will be Colorado term future. for order maintain today agencies the all of have storage Washoe fulfill credits structural various expect since not for significantly the context, basin to states forcible million amounting do lower As Country exists in to
that counsel a combination, we ongoing, business value. this is John license engagement. Cooley at Finally are to had this X, but further explore the potential JMP enhance status or further we sale I exclusive the PICO’s strategic merger advisor to financial a engaged or announced this evaluate engagements disposition shareholder or will process such on of to Securities assets LLP nether will LLC legal October company as as alternatives The the comment PICO’s intended or or of and of strategic sale on as progress of the I time note company. alternatives
