DENVER , April 29 /PRNewswire-FirstCall/ -- M.D.C. Holdings, Inc. (NYSE: MDC) today announced the results of its annual meeting of the Company's shareowners, which was held on April 29, 2008 (the 'Annual Meeting'). A total of 42,353,233 shares out of 46,343,377 shares outstanding and entitled to vote were represented in person or by proxy at the Annual Meeting.

    PROPOSAL
     NUMBER          DESCRIPTION              FOR        WITHHELD

       1A   Election of Directors -        39,166,218    3,187,015
             Nominee: William B. Kemper

       1B   Election of Directors -        42,145,527      207,706
             Nominee: David D. Mandarich



    PROPOSAL
     NUMBER          DESCRIPTION              FOR        AGAINST    WITHHELD

       2    To approve the M.D.C.          23,264,723   13,472,459    20,518
             Holdings, Inc. Amended
             Executive Officer
             Performance-Based
             Compensation Plan.

       3    To approve a plan amendment    22,909,524   12,869,331   978,845
             to authorize stock option
             repricing and an exchange
             program to reprice stock
             options held by non-executive
             officer employees.

       4                         WITHDRAWN

       5    To vote on a shareowner         1,171,892   35,523,419    62,389
             proposal concerning
             establishment of a new
             compliance committee and
             review of regulatory,
             litigation and compliance
             risks.

       6    To approve the selection of    42,237,185       86,903    29,145
             Ernst & Young LLP as the
             Company's independent
             registered public accounting
             firm for the 2008 fiscal year.

The Company also announced that its board of directors has declared a regular quarterly cash dividend of twenty-five cents ($.25) per share on the Company's common stock. The dividend will be paid on Wednesday, May 28, 2008 to shareowners of record on Wednesday, May 14, 2008 .

Since 1972, MDC has built and financed the American dream for more than 150,000 families. As one of the largest homebuilders in the United States , the Company has homebuilding divisions across the country, including Denver, Colorado Springs , Salt Lake City , Las Vegas , Phoenix , Tucson, California , Chicago , Northern Virginia , Maryland , Philadelphia/Delaware Valley and Jacksonville . The Company also provides mortgage financing, insurance and title services, primarily for MDC homebuyers, through its wholly owned subsidiaries, HomeAmerican Mortgage Corporation, American Home Insurance Agency and American Home Title and Escrow, respectively. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol 'MDC.' For more information, visit http://www.richmondamerican.com.

SOURCE M.D.C. Holdings, Inc.