16:30:28 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Aimia Inc
Symbol AIM
Shares Issued 171,444,308
Close 2015-02-27 C$ 12.85
Market Cap C$ 2,203,059,358
Recent Sedar Documents

Aimia declares 4.5%, 4.21% dividend rates

2015-03-02 13:45 ET - News Release

Ms. Krista Pawley reports

AIMIA ANNOUNCES DIVIDEND RATES ON CUMULATIVE RATE RESET PREFERRED SHARES, SERIES 1 AND CUMULATIVE FLOATING RATE PREFERRED SHARES, SERIES 2

Aimia Inc. has declared the applicable dividend rates for its cumulative rate-reset preferred shares, Series 1, and its cumulative floating-rate preferred shares, Series 2, further to the Feb. 27, 2015, notice that it will not exercise its right to redeem all or any part of the outstanding Series 1 shares, and, as a result of which, subject to certain conditions, the holders of the Series 1 shares will have the right to convert all or part of their Series 1 shares into Series 2 shares on a one-for-one basis.

With respect to any Series 1 shares that remain outstanding after March 31, 2015, holders of the Series 1 shares will be entitled to receive quarterly fixed, cumulative, preferential cash dividends, as and when declared by the board of directors of Aimia, subject to the provisions of the Canada Business Corporations Act. The dividend rate for the five-year period from, and including, March 31, 2015, to, but excluding, March 31, 2020, will be 4.5 per cent, being 3.75 per cent over the five-year government of Canada bond yield, as determined in accordance with the terms of the Series 1 shares.

With respect to any Series 2 shares that may be issued on March 31, 2015, holders of the Series 2 shares will be entitled to receive quarterly floating-rate, cumulative, preferential cash dividends, calculated on the basis of the actual number of days elapsed in such quarterly period divided by 365, as and when declared by the board of directors of Aimia, subject to the provisions of the Canada Business Corporations Act. The dividend rate for the floating-rate period from, and including, March 31, 2015, to, but excluding, June 30, 2015, will be 4.217 per cent, being 3.75 per cent over the 90-day government of Canada treasury bill yield, as determined in accordance with the terms of the Series 2 shares.

Beneficial owners of Series 1 shares who wish to exercise their conversion right should communicate as soon as possible with their broker or other nominee to obtain instructions for exercising such right on or prior to the deadline for exercise, which is 5 p.m. (Montreal time) on March 17, 2015.

Inquiries should be directed to Aimia's registrar and transfer agent, CST Trust Company, at 1-800-387-0825 (toll-free in Canada and the United States).

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