Aimia Inc. (TSE:AIM) has released an update.
Aimia Inc. has reported that a substantial number of its Series 3 preferred shares were converted to Series 4 shares, which will begin trading on the Toronto Stock Exchange under a new ticker symbol starting April 1, 2024. The remaining Series 3 shares and the newly issued Series 4 shares will pay fixed and floating cumulative preferential cash dividends, respectively, with rates based on Government of Canada bond yields. Aimia Inc. is a holding company focused on long-term investments in various sectors, targeting companies with strong cash flow and growth prospects.
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