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The latest announcement is out from Aimia Inc. ( (TSE:AIM) ).
Aimia Inc. has extended the expiry date of its substantial issuer bid to purchase all preferred shares for cancellation due to delays caused by a Canada Post workers’ strike. The exchange of preferred shares for 9.75% senior unsecured notes, set to mature in 2030, is part of a strategic recapitalization effort aimed at unlocking company value and providing shareholders with improved liquidity and yield opportunities.
More about Aimia Inc.
Aimia Inc. (TSX: AIM) is a diversified company headquartered in Toronto, focusing on unlocking the growth potential of its two global businesses: Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Aimia emphasizes monetizing non-core investments, enhancing the value of core holdings, and returning capital.
YTD Price Performance: -0.74%
Average Trading Volume: 34,165
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$256.6M
See more insights into AIM stock on TipRanks’ Stock Analysis page.
