The Board of Directors has authorized a stock split of water share certificates issued by Western Heights Water Company (WHWC). This is a three-for-one split. For each of the old water shares you own, you will receive three of the new shares. Each share will be one third its current value, the base rate water allocation, will be one third the current allocation, and the annual assessment will be one third the current assessment.
Overall, there is no change to the overall value of the shares, water allocation or amount of annual assessment:
The stock split gives our customers the flexibility to sell or turn in shares that they are not using, which will save money on the annual assessments. Customers who are going over on their current usage can now purchase additional shares for fewer units and at a lower cost.
The old water shares are cancelled, and new water shares have been issued.
Letters have been sent to shareholders with their stock information, including instructions to request a paper copy of your certificate.
If you have any questions, please refer to the FAQ or you may call the office at 909-790-1901 or send us an email. The office hours are 8:00 am to 4:00 pm Monday through Friday.