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Aimia Inc T.AIM.PR.C


Primary Symbol: T.AIM Alternate Symbol(s):  T.AIM.PR.D | AIMFF | T.AIM.PR.A

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets. The Cortland International segment consists of Tufropes and Cortland Industrial LLC (Cortland). Tufropes is a manufacturer of synthetic fiber ropes and netting solutions for maritime and other different industrial customers. Cortland is a designer, manufacturer, and supplier of technology advanced synthetic ropes, slings, and tethers to the aerospace & defense, marine, renewables, and other diversified industrial end markets. The Holdings segment includes investments in Clear Media Limited, Kognitiv, as well as minority investments in various public company securities and limited partnerships.


TSX:AIM - Post by User

Comment by DaneOddmentson Jun 27, 2024 2:12pm
48 Views
Post# 36109356

RE:AIM.PR.C

RE:AIM.PR.CIf they're smart, Aimia should stop paying the preferred dividends for a while, until they get either Bozzetto or Tufropes sold.  No point in paying so much out when they are burning so much cash at the holdco, and there is a massive 40% tax on top of those preferred dividends.  So that's the first thing I would do if I were them.  And pair that annoucement with an offer to buy back some of the preferreds at 50% of face value or something like that, so that Aimia can do something smart with the cash saved from the preferred dividends and taxes, rather than handing more of it to unnamed investment bankers and Norton Rose Fulbright.
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