Aimia Inc T.AIM.PR.C

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

Chemicals Specialty Chemicals

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.

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Aimia Inc > AIM.PR.C

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Comment by TheCount11on Jun 28, 2024 10:50am

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Post# 36110692

RE:RE:RE:RE:RE:RE:AIM.PR.C

The problem is pref shareholder litigation if the dividends are in arrears when pref stock is bought back. The C suite and BoD don't exactly have a great track record with their largest common stock holder. Could you imagine if they then ruin their relationship with preferred stock holders?

"We are going to stop paying the dividend, crash the preferred price then buyback on the cheap" sounds great until the regulators and lawyers get involved. Suddenly securities manipulation charges void officer and director insurance...

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