Aimia Inc T.AIM

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

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Post by nozzpackon Aug 12, 2022 12:37pm

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Post# 34891917

Modest Dividend for Commons

On March 30, 2022, Aimia announced its intent to allocate up to $75 million of the net proceeds towards a combination of opportunistic share buybacks and/or a tax-efficient special dividend to common shareholders.
Since that announcement, Aimia has repurchased 1,984,259 common shares for $9.3 million. Aimia currently has 6.3 million shares available for repurchase under the current NCIB plan expiring no later than on June 20, 2023.
The final amount of the net proceeds that could ultimately be allocated to share buybacks and/or tax-efficient special dividend to common shareholders will be subject to the then applicable market conditions,

So about $60 million left for possible di

On March 30, 2022, Aimia announced its intent to allocate up to $75 million of the net proceeds towards a combination of opportunistic share buybacks and/or a tax-efficient special dividend to common shareholders.
Since that announcement, Aimia has repurchased 1,984,259 common shares for $9.3 million. Aimia currently has 6.3 million shares available for repurchase under the current NCIB plan expiring no later than on June 20, 2023.
The final amount of the net proceeds that could ultimately be allocated to share buybacks and/or tax-efficient special dividend to common shareholders will be subject to the then applicable market conditions, investment dividend to shareholders of about $0.55.

lets see what they do..

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