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BRIEF-Aimia Provides Update On Status Of Canadian Tax Audit

Published 2019-02-25, 08:02 a/m
© Reuters.  BRIEF-Aimia Provides Update On Status Of Canadian Tax Audit
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Feb 25 (Reuters) - Aimia Inc AIM.TO :

* AIMIA PROVIDES UPDATE ON STATUS OF CANADIAN TAX AUDIT

* AIMIA INC - AIMIA HAS RECEIVED A 'FINAL LETTER FOR 2012 AND 2013 TAXATION YEARS' FROM CRA CONCLUDING ON THEIR AUDIT

* AIMIA INC - ASSESSED AMOUNT IS EXPECTED TO BE APPROXIMATELY $30 MILLION IN INCOME TAXES PAYABLE IN ADDITION TO INTEREST PAYABLE OF UP TO $5 MILLION.

* AIMIA INC - WILL FUND AMOUNTS DUE UPON RECEIPT OF RE-ASSESSMENT FROM $100 MILLION RESTRICTED CASH ACCOUNT SET UP AS PART OF SALE OF AIMIA CANADA INC

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