Preferred Stock Channel
Aimia Inc | Cumulative Rate Reset Preferred Shares, Series 1 (AIM.PRA.CA)

Prospectus excerpt:  The holders of Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") of Groupe Aeroplan Inc. (the "Corporation" or "Groupe Aeroplan") will be entitled to fixed cumulative preferential cash dividends, as and when declared by the board of directors of Groupe Aeroplan (the "Board of Directors"), payable quarterly on the last business day of each of March, June, September and December at an annual rate of 6.50%, or $1.625 per Series 1 Preferred Share, for the initial five-year period ending on March 31, 2015 (the "Initial Fixed Rate Period"). The initial dividend, if declared, will be payable on March 31, 2010 and will be $0.31164 per Series 1 Preferred Share, based on the anticipated closing of this offering on January 20, 2010.

Full Prospectus PDF », AIM.CA Page »

Series:1
Alternate symbology:AIM-A.CA, AIM-PA.CA, AIMprA.CA
Redeemable?:Yes
Call Date:3/31/2015 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Conversion Ratio:Holders of the Series 1 Preferred Shares will have the option to convert their Series 1 Preferred Shares into Cumulative Floating Rate Preferred Shares, Series 2 (the "Series 2 Preferred Shares"), on the basis of one Series 2 Preferred Share for each Series 1 Preferred Share subject to certain conditions, on March 31, 2015 and on March 31 every five years thereafter. Series 2 Preferred Shares will be entitled to floating rate cumulative preferential cash dividends, as and when declared by the Board of Directors, payable quarterly on the last business day of each of March, June, September and December (the initial quarterly dividend period and each subsequent quarterly dividend period referred to as a "Quarterly Floating Rate Period") in an amount per Series 2 Preferred Share determined by multiplying the applicable Floating Quarterly Dividend Rate (as defined herein) by $25.00. The Floating Quarterly Dividend Rate will be equal to the sum of the three-month T-Bill Rate (as defined herein) plus 3.75% per annum (calculated on the basis of the actual number of days in the applicable Quarterly Floating Rate Period divided by 365) determined on the Floating Rate Calculation Date (as defined herein).
Shares Offered:6000000
Overallotment:900000
Liquidation Preference:$25
Recent Market Price:$15.51
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-9.49 (-37.96%)
Annualized Dividend:1.2005
Recent Ex-Date:3/20/2024
Current Yield:7.74%
Original Coupon:6.5% then for each five-year period after the Initial Fixed Rate Period, the holders of the Series 1 Preferred Shares will be entitled to fixed cumulative preferential cash dividends, as and when declared by the Board of Directors, payable quarterly on the last business day of each of March, June, September and December at the Annual Fixed Dividend Rate. Groupe Aeroplan will determine on the 30th day prior to the first day of a Subsequent Fixed Rate Period, the annual fixed dividend rate applicable to that Subsequent Fixed Rate Period. Written notice of the Annual Fixed Dividend Rate for the upcoming Subsequent Fixed Rate Period will be provided by Groupe Aeroplan to the registered holders on the 30th day prior to the first day of a Subsequent Fixed Rate Period. The Annual Fixed Dividend Rate will be equal to the sum of the 5-Year Government of Canada Bond Yield on the 30th day prior to the first day of a Subsequent Fixed Rate Period plus 3.75%.
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn AIM.PRA.CA's Rating
Aimia is a loyalty solution company. Through its subsidiaries, Co. is engaged in one operating segment, Loyalty Solutions. The Loyalty Solutions business provides clients with loyalty strategy, program design, implementation, campaign, analytics and rewards fulfillment, as well as deploys Co.'s loyalty platforms, including the Co.'s Loyalty Platform - Enterprise and Co.'s Loyalty Platform - SAAS, as part of its loyalty solutions. The segment also includes the Middle East loyalty solutions business, which includes the Air Miles Middle East coalition program, as well as Intelligent Shopper Solutions. Co.'s trademark include SmartJourney®.

Preferred: AIM.PRA.CA


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Name:  Aimia Inc
Website:  www.aimia.com
Sector:  Advertising

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