April 29, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of NMI Holdings Inc (NASDAQ:NMIH) concerning whether certain NMI Holdings officers and directors possibly breached their fiduciary duties in connection with certain statements was announced.

The investigation by a law firm concerns whether certain NMI Holdings officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders' approval of the NMI Holdings, Inc.'s 2014 Omnibus Incentive Plan.

In the Proxy Statement filed by NMI Holdings Inc with the Securities and Exchange Commission the Board of Directors recommends that NMI Holdings's shareholders vote to approve the 2014 Omnibus Incentive Plan to authorize an issuance of 4,000,000 shares of the common stock.

According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of NMI Holdings Inc.
NMI Holdings Inc reported that while its annual Total Revenue rose to $0.28 million in 2012 its Net loss increased from $1.35 million in 2011 to $27.49 million in 2012.

Shares of NMI Holdings Inc (NASDAQ:NMIH) declined from $14.15 per share in November 2013 to as low as $10.53 per share in March 2014.

On April 29, 2104, NASDAQ:NMIH shares closed at $11.37 per share.