May 30 (Reuters) - Echelon Financial Holdings Inc EFH.TO :
* ECHELON FINANCIAL HOLDINGS INC. PROVIDES UPDATE ON SALE OF ECHELON INSURANCE TO CAA CLUB GROUP AND PROPOSED SPECIAL DISTRIBUTION PAYMENT
* ECHELON FINANCIAL HOLDINGS INC - FINAL REGULATORY APPROVAL HAS BEEN GRANTED FOR SALE OF ITS WHOLLY-OWNED SUBSIDIARY, ECHELON INSURANCE
* ECHELON FINANCIAL HOLDINGS INC - TRANSACTION IS SCHEDULED TO BE COMPLETED ON OR ABOUT MAY 31, 2019
* ECHELON FINANCIAL - CONDITIONAL UPON CLOSING OF TRANSACTION AS SCHEDULED, CO DECLARED SPECIAL DISTRIBUTION IN AMOUNT OF $8.80 PER COMMON SHARE OF EFH