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Aimia Inc T.AIM.PR.D


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

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.


TSX:AIM - Post by User

Aimia Inc > AIM.PR.C
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Comment by nkbourbakion Jun 27, 2024 5:32pm
42 Views
Post# 36109779

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

RE:RE:RE:RE:RE:AIM.PR.C
luscar99 wrote: No, buybacks "under par" for prefs could only happen bidding on the open stock market under very restrictive conditions (the same conditions as for buybacks of regular stock).


https://www.mltaikins.com/corporate-finance-securities/how-to-conduct-a-substantial-issuer-bid/

https://www.mltaikins.com/corporate-finance-securities/conducting-a-normal-course-issuer-bid-on-the-tsx/


Yes but I assume that's what the other poster was suggesting:   i.e. Cut the dividend and then launch an NCIB or SIB.  For common shares this is possible.  For prefs I've never seen it personally but I'm not sure of the rules. 

Aimia's prefs are cumulative, so the terms would explicitly forbid common shareholders from receiving dividends while pref dividends are suspended.   The question is whether they can launch an NCIB or SIB during suspension. 
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