MONTREAL, May 14, 2019 /CNW Telbec/ - Loyalty and travel-focused consolidator Aimia (TSX: AIM) announced today that the Board of Directors has declared quarterly dividends on all three series of its preferred shares:
- a quarterly dividend in the amount of $0.28125 per Cumulative Rate Reset Preferred Share, Series 1
- a quarterly dividend in the amount of $0.338570 per Cumulative Rate Reset Preferred Share, Series 2, and
- a quarterly dividend of $0.375688 per Cumulative Rate Reset Preferred Share, Series 3
In each case, dividends are payable on June 28, 2019 to the holders of record at the close of business on June 18, 2019.
Dividends paid by Aimia to Canadian residents on its preferred shares are "eligible dividends" for the purpose of the Income Tax Act (Canada) and any similar applicable provincial legislation.
Aimia Inc. (TSX: AIM) is a loyalty and travel consolidator focused on growing earnings though its existing investments and the targeted deployment of capital in loyalty solutions and other sub-sectors of the rapidly-expanding loyalty and travel markets.
Its investments in travel loyalty include the Club Premier program in Mexico, which it jointly controls with Aeromexico through its investment in PLM, and an investment alongside Air Asia in travel technology company BIGLIFE, the operator of BIG Loyalty.
Aimia also operates a loyalty solutions business, which is a well-recognized, global full-service provider of next-generation loyalty solutions for many of the world's leading brands in the retail, CPG, travel & hospitality, and financial services verticals.
For more information about Aimia, visit www.aimia.com.