RE:RE:Credit SuisseWhile it is true that Credit Suisse offers brokerage services, and legally owns many shares that are beneficially owned by others, this recent buying by Credit Suisse is on their own behalf, with Credit Suisse as the beneficial owner. They are increasing their stake, and as a result filed the following in Sedar today:
Credit Suisse Securities (Canada), Inc. Acquisition of Common Shares of Aimia Inc. Toronto, Ontario May 15, 2019 – Credit Suisse Securities (Canada), Inc. (“CSSC”) announces that it acquired 266,000 common shares (“Common Shares”) in the capital of Aimia Inc. (TSX: “AIM”) (the “Issuer”) on May 13, 2019, which represents approximately 0.1746% of the issued and outstanding Common Shares of the Issuer. Immediately following the acquisition on May 13, 2019, CSSC held a total of
11,414,455 Common Shares of the Issuer, which represents approximately
7.49% of the issued and outstanding Common Shares of the Issuer. A
s of May 13, 2019, CSSC has acquired beneficial ownership of 11,414,455 Common Shares of the Issuer in aggregate since the Issuer formally commenced its Substantial Issuer Bid on April 11, 2019.
borne2run wrote: Credit Suisse is a broker. They may hold shares for hundreds of clients. It's possible that another hedge fund is acquiring Aimia shares but it is not a certainty. According to Morningstar, one or two funds started new positions in Q1 (can't recall the details off the top).