DALLAS, May 16, 2018 /PRNewswire/ -- InfraREIT, Inc.
(NYSE: HIFR) ("InfraREIT" or the "Company") today announced the
results of the Company's Annual Meeting of Stockholders held this
morning at 11:00 a.m. Central Time at
the Fairmont Dallas Hotel, 1717 North Akard Street, Dallas, Texas.
At the meeting, stockholders approved the election of two Class
III directors to serve for a three-year term and until their
respective successors are duly elected and qualified. The
directors are John Gates, Executive
Officer of Markets, Jones Lang LaSalle Americas, and Harold R. Logan, Jr., Private Investor and
Chairman, Suburban Propane Partners, LP.
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, 2018.
"We would like to thank our stockholders for participating today
in our annual meeting and for their continued support of our
Company," said David A. Campbell,
Chief Executive Officer of InfraREIT. "We performed well
against our financial targets in 2017 and finished the year with a
strengthened foundation as a transmission-focused utility that is
well positioned to support and benefit from the dynamic
Texas economy. Aided by our
relationship with Hunt, we remain committed to serving the
infrastructure needs of our state."
Additionally, during the meeting David
A. Campbell acknowledged outgoing director W. Kirk Baker for his role on the Board and as a
past President, CEO and Chairman of the Company. "On behalf
of the Board and everyone associated with the Company, I express
our thanks to Kirk Baker for his
central role in founding, leading and building the Company since
its inception in 2010," Campbell said. "Simply put, InfraREIT
would not exist as it does today without Kirk's vision, creativity
and drive. We are profoundly grateful."
About InfraREIT, Inc.
InfraREIT is a real estate
investment trust that is engaged in owning and leasing
rate-regulated electric transmission 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). The Company's shares are traded on the New York
Stock Exchange under the symbol "HIFR". Additional
information on InfraREIT is available at 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. 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
|
|
Vice President,
Investor Relations
|
|
InfraREIT,
Inc.
|
|
214-855-6748
|
|
|
For
Media:
|
Jeanne
Phillips
|
|
Senior Vice
President, Corporate Affairs & International
Relations
|
|
Hunt Consolidated,
Inc.
|
|
214-978-8534
|
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SOURCE InfraREIT, Inc.