PICO Holdings, Inc. to Webcast Annual Meeting of Shareholders on May 4th, 2017

LA JOLLA, Calif., March 28, 2017 -- PICO Holdings, Inc. (Nasdaq: PICO) today announced that its 2017 Annual Meeting of Shareholders, being held at the Peppermill Resort Reno, Reno, Nevada, will be webcast live beginning at 09:00 am PT/12:00 pm ET on Thursday, May 4, 2017.

Shareholders of record, as of close of business on March 10, 2017, may attend the meeting virtually and submit questions by visiting www.virtualshareholdermeeting.com/PICO2017.  Shareholders will need their 16-digit control number provided on the voting form which is enclosed in the proxy notice materials. Other shareholders and interested persons may access the live webcast by registering as a guest.

Shareholders whose shares are registered in their own names may vote (1) in person at the Annual Meeting, (2) via the Internet at www.proxyvote.com, (3) by telephone at 1-800-690-6903, or (4) by mail, by returning a proxy card before the Annual Meeting. If you would like to vote via the Internet or by telephone, your vote must be received by 08:59 pm PT/11:59 pm ET Wednesday, May 3, 2017 to be counted.

About PICO Holdings

PICO Holdings is a diversified holding company.  Currently, we believe the highest potential return to shareholders is from a return of capital to shareholders.  As we monetize assets, rather than reinvest the proceeds, we intend to return the capital derived therefrom, less any working capital requirements, back to shareholders through a stock repurchase program or by other means such as special dividends taking into effect liquidity requirements, debt covenants and any other contractual and legal restrictions that may exist at the time.

As of December 31, 2016, our two major investments were:

• Vidler Water Company, Inc., a water resource and water storage business; and
• a 56.8% interest in UCP, Inc., a publicly-traded homebuilder and land developer in markets located in California, Washington State, North Carolina, South Carolina and Tennessee.

Important Additional Information and Where to Find It

This information is being provided in addition to PICO’s proxy statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 21, 2017.  Please read the complete proxy statement and accompanying materials carefully before you make a voting decision.  The proxy statement, and any other documents filed by PICO with the SEC, may be obtained free of charge at the SEC’s website at http://www.sec.gov, from PICO’s website at http://investors.picoholdings.com, by writing to PICO’s Corporate Secretary at PICO Holdings, Inc., 7979 Ivanhoe Avenue, Suite 300, La Jolla, CA 92037, or by calling PICO’s Corporate Secretary at (858) 456-6022.  PICO and its directors and officers may be deemed to be participants in the solicitation of proxies in connection with the upcoming Annual Meeting.  The interests of the directors and officers of PICO in the proposals and their ownership of PICO common stock are set forth in the proxy statement.

Contact:
John T. Perri
Chief Financial Officer and Secretary
PICO Holdings, Inc.
(858) 456-6022