TORONTO, March 17, 2025 /CNW/ - Aimia Inc. (TSX: AIM) today announced that its Board of Directors has 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 $0.485813 per Cumulative Rate Reset Preferred Share, Series 3.
- A quarterly dividend in the amount of $0.473486 per Floating Dividend Rate Preferred Share, Series 4. The Floating Quarterly Dividend Rate will be reset every quarter.
In each case, dividends are payable on March 31, 2025 to the holders of record at the close of business on March 24, 2025.
With respect to Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Shares") that remain outstanding on or after on March 31, 2025, holders of the Series 1 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, 2025 to, but excluding, March 31, 2030 will be 6.281% being equal to the five-year Government of Canada bond yield plus 3.75%, as determined in accordance with the rights, privileges, restrictions and conditions attaching to the Series 1 Shares.
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.
About Aimia
Aimia Inc. (TSX: AIM) is a diversified company focused on unlocking the growth potential of its two global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include monetizing its non-core investments, enhancing the value of our core holdings, returning capital to its shareholders, and efficiently utilizing its loss carry-forwards to create shareholder value. For more information about Aimia, visit www.aimia.com.
SOURCE Aimia Inc.
For more information, please contact: Joe Racanelli, Vice President, Investor Relations, 647 970 2200, [email protected]
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