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Aimia Inc. ( (TSE:AIM) ) just unveiled an update.
Aimia Inc. announced the preliminary results of its substantial issuer bid to purchase and cancel its preferred shares in exchange for 9.75% senior unsecured notes due in 2030. The initiative is part of Aimia’s strategic review process aimed at unlocking company value and providing preferred shareholders with an opportunity for liquidity and higher yields. The board believes this move represents an effective recapitalization strategy, benefiting the company and its stakeholders.
More about Aimia Inc.
Aimia Inc. operates in the financial sector, focusing on investment management and strategic holdings. The company is known for managing and investing in a diverse portfolio of holdings and seeks to enhance shareholder value through strategic asset management.
YTD Price Performance: -1.85%
Average Trading Volume: 35,759
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$263.3M
See more insights into AIM stock on TipRanks’ Stock Analysis page.