Classes Of Stock

In October 2010, the Boulder and White Rock Ditch and Reservoir Company merged with the Boulder and Weld Reservoir Company and the Six Mile #2 Reservoir Company with the Boulder and White Rock Ditch and Reservoir Company as the surviving entity.

At the time of the merger, the Boulder and White Rock Ditch and Reservoir Company owned roughly 90% of the stock in the two Reservoir Companies. The Board of Director’s decision at the merger was to distribute the Boulder and Weld Reservoir Company and Six Mile #2 Reservoir shares to the individual shareholders of the Boulder and White Rock. As a result, each Boulder and White Rock shareholder received their original shares in the new, merged Company as Class A shares. The Boulder and White Rock shareholders received their pro-rata shares of the Boulder and Weld Reservoir Company stock as Class B shares and Class C shares of the Six Mile #2 Reservoir Company. These Boulder and White Rock Class A shareholders individually then became the majority owners of the Class B and C stock.

The Class A shares represents the decreed water rights for direct flow from Boulder Creek and the filling decree for Six Mile Reservoir. Class B stock represents the original Boulder and Weld Reservoir Company filling decree for Panama Reservoir; and Class C stock is the original Six Mile #2 Reservoir Company decree also for storage in Panama Reservoir. Six Mile Reservoir is near Boulder Reservoir on the Diagonal Highway and Panama Reservoir is near the northeast corner of Highway 52 and Highway 287.

Minority shareholders of the Boulder and Weld Reservoir Company and Six Mile #2 Reservoir Company received Class B and Class C stock respectively in the new merged Company.

Stock cannot be separated or fractionalized.

What the shares entitle stockholders to in terms of amounts of water and when available is a function of Boulder Creek which is a District 6 Water Commissioner and Ditch Company operation matter administered by the Ditch Company Superintendent.