RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:AIM.PR.CI can't think of any examples, but then again, I don't see this board as being particularly shy about doing the unprecedented... they just issued 5M shares at $2.50, less than half of liquidation value, and just a couple of days after saying the stock was so cheap that they couldn't wait to start an NCIB, to buy out the carried interest of a private equity fund, barely 1 year into the investment, which I do believe is entirely unprecedented in the history of private equity funds. All to grab votes. Unabashed entrenchment and disregard for fiduciary duties. Imagine the mindset, the mentality that requires.
But now that this Jefferies / MassMutual / Paladin cabal own all those wrongfully obtained shares of Aimia, common shares, I don't think they will hesitate to take full advantage of the opportunity provided by the preferreds to help maximize the value of the common shares they own. As their recent actions show, they seem unlikely to be inhibited by lack of precedent.