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 > AIM.PR.C

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Comment by nkbourbakion Jun 27, 2024 4:51pm

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Post# 36109700

RE:RE:RE:AIM.PR.C

Buybacks of prefs under par are certainly legal. It happens all the time. (Unless there is specific language in the terms of these particular prefs?)

It sure seems like you shouldn't be able to stop dividends and then do a buyback, but I have no idea if it's illegal or companies just don't do it because it would make them a pariah.

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