Aimia converts Series 1 Cumulative Rate, Series 2 Cumulative Floating Rate Preferred Shares

Aimia Inc. (TSX: AIM) has announced it will convert its 2,161,865 Cumulative Floating Rate Preferred Shares, Series 2 into Cumulative Rate Reset Preferred Shares, Series 1 on March 31, 2020, the company said.

During the conversion notice period, which commenced on March 2, 2020, 1,774,254 Series 2 Preferred Shares were tendered for conversion into Series 1 Preferred Shares. In accordance with the rights, privileges, restrictions and conditions attaching to the Series 2 Preferred Shares and the Series 1 Preferred Shares, since there would be fewer than 1,000,000 Series 2 Preferred Shares outstanding on March 31, 2020, after having taken into account all Series 2 Preferred Shares tendered for conversion into Series 1 Preferred Shares, all Series 2 Preferred Shares will be automatically converted into Series 1 Preferred Shares on March 31, 2020.

Aimia Inc. (TSX: AIM) 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, financial services and entertainment verticals.