Water producers in the Main San Gabriel Basin agreed to an adjudication of their pumping rights, with a nine-member Watermaster Board overseeing the resolution under California’s Superior Court. The Company allocates common stock entitlements to shareholders based on the determination of the Main San Gabriel Basin Operating Safe Yield (OSY) and available water supply resources acquired through purchase or lease. The Company’s Board of Directors annually establishes the shareholder common stock entitlement rate.