GAPFF - Aimia Preferreds Still Offer Nearly 30% Returns
TSX:AIM, AIM-A, AIM-B, AIM-C
OTC: OTCPK:GAPFF
Since we originally wrote about Aimia on Feb 8, 2018 the Preferred Shares have increased from approximately $10 per share to $22 while the common has gone from $2.38 to per share to $4.20. While the magnitude of the move in the prices of both classes of stock towards fair value has been substantial this return was compensation for the not insignificant risks and uncertainties that were created when Air Canada decided to abandon Aimia's Aeroplan program.
However, since that time Air Canada has offered to buy out the