To: <<First Name>> <<Last Name>>

Great news for CIRMA Members! CIRMA is very pleased to announce--
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CIRMA's Board of Directors has approved the Distribution of $3.2M in Member's Equity in July 2016!
"The Members' Equity Distribution Program represents the very best of CIRMA:
   The value of our--
  • Strong governance,
  • Member ownership,
  • Financial discipline, and
  • Professional expertise.
We are very pleased to make this distribution at a time when local governments and public schools are stretching every dollar. CIRMA's outstanding financial and operating results and the commitment of members to risk management help make the Members' Equity Distribution Program possible," said David Demchak, President and Chief Executive Officer, CIRMA.
2016's Equity Distribution brings the total distributions over six years
to $14.7M.

"The Members' Equity Distribution program is another way CIRMA returns outstanding
value to its owners -- the CIRMA members."
Please contact your CIRMA Underwriter for more information about the Distribution.


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