TORONTO, March 14,
2024 /CNW/ - Aimia Inc. (TSX: AIM) today announced
that its Board of Directors have a declared quarterly dividends on
each series of its preferred shares:
- A quarterly dividend in the amount of $0.300125 per Cumulative Rate Reset Preferred
Share, Series 1
- A quarterly dividend in the amount of $0.375688 per Cumulative Rate Reset Preferred
Share, Series 3
In each case, dividends are payable on March 28, 2024 to the holders of record at the
close of business on March 21,
2024.
Dividends paid by Aimia to Canadian residents on its preferred
shares are "eligible dividends" for the purpose of the Income
Tax Act (Canada) and any
similar applicable provincial legislation.
With respect to any Cumulative Rate Reset Preferred Shares,
Series 3 (the "Series 3 Shares") that remain outstanding on
or after on April 1, 2024
(March 31, 2024 falling on a Sunday,
a non-business day), holders of the Series 3 Shares will continue
to be entitled to receive fixed, cumulative, preferential cash
dividends, payable quarterly, as and when declared by the Company's
Board of Directors. The annual dividend rate for the five-year
period from and including March 31,
2024 to, but excluding, March 31,
2029 will be 7.773%, being equal to the five-year Government
of Canada bond yield plus 4.20%,
as determined in accordance with the rights, privileges,
restrictions and conditions attaching to the Series 3 Shares.
About Aimia
Aimia Inc. (TSX: AIM) is a holding company that makes long-term
investments in private and public businesses through controlling or
minority stakes. Aimia targets companies with durable economic
advantages evidenced by a track record of substantial free cash
flow generation over complete business cycles, strong growth
prospects, and guided by strong, experienced management teams.
Headquartered in Toronto, Canada,
Aimia is positioned to invest in any sector, wherever a suitable
opportunity can be identified worldwide. In addition, we seek
investments that may efficiently utilize the Company's operating
and capital loss carry-forwards to further enhance shareholder
value.
For more information about Aimia, visit www.aimia.com.
SOURCE Aimia Inc.