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 Dividends |
Affinity operates on a three-year accounting cycle, and the Board of Directors will endeavor to declare a dividend distribution for a single underwriting year three years after the underwriting year has ended. Each policy year’s results stand alone and are divided within the company’s equity statements for illustrative purposes. Every member’s equity position for each underwriting year is shown in detail by member number.
Affinity Board Declares Dividends in excess of $20,000,000
Shareholders with positive equity in the first ten underwriting years of Affinity have now received either complete or partial dividends on all those years. At the June 2007 Board Meeting in Victoria, B.C. the Board declared dividends of $5.7 millions dollars. At the recently concluded January 2008 Meeting in Freeport, Grand Bahamas, dividends in excess of $15.0 millions dollars were distributed bringing the total distributions to over $20.0 for the fiscal year ending 6/30/07. The dividends have and will continue to be there based on the continued strength of Affinity members’ safety and claims administration programs.
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Member Profile
E S I
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| ESI is an engineering and construction firm specializing in steam and power projects for industrial and utility clients since 1979. Over the years, ESI has performed a wide range of steam and power projects including entire steam and power generating systems, material handling systems, water treatment systems, carbon burn-out systems, environmental compliance, and retrofits. The facility pictured above, which was designed and is currently being built by ESI, shows the setting of the steam drum for a new 1,100,000 pph coal-fired steam facility. A 250-ton crane was used to set the steam drum which is 73 feet long, has an outside diameter of 63.5 inches, and weighs 131,500 pounds.
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