An anonymous director reports
CHORUS AVIATION INC. ANNOUNCES APRIL 2018 DIVIDEND
Chorus Aviation Inc. has declared a monthly dividend of four cents per Class A and Class B share payable on or after May 16, 2018, to shareholders of record at the close of business on April 30, 2018. These dividends qualify as eligible dividends in Canada and qualifying dividends in the United States.
Effective Feb. 1, 2018, Chorus implemented a dividend reinvestment plan that allows Chorus to offer a discount of up to 5 per cent from the average market price for shares purchased under the DRIP. Chorus is currently offering a discount of 4 per cent.
The DRIP provides shareholders who are resident in Canada the opportunity to purchase additional Chorus shares using cash dividends paid on shares enrolled in the DRIP. Some of the benefits of participating in the DRIP include the current discount of 4 per cent, the convenience of automatic reinvestment, savings from not having to pay brokerage fees or other service charges for shares purchased under the DRIP, and the ability to acquire fractional shares.
About Chorus
Aviation Inc.
Headquartered in Halifax, N.S., Chorus was incorporated on Sept. 27, 2010. Chorus's vision is to deliver regional aviation to the world. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases and support services. Chorus also owns Jazz Aviation and Voyageur Aviation -- companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul.
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