April 4 (Reuters) - Breach Inlet Capital, LP:
* BREACH INLET CAPITAL SENDS LETTER TO BOARD OF AIMIA INC.
* BREACH INLET CAPITAL - DELIVERED A LETTER TO BOARD OF DIRECTORS OF AIMIA
* BREACH INLET CAPITAL - OWNS ABOUT 1.2 MILLION SHARES OF AIMIA INC
* BREACH INLET CAPITAL - LETTER OUTLINES BREACH'S CONCERNS WITH AIMIA'S BOARD, EXISTING OPERATING BUSINESS, & RECENTLY-ANNOUNCED CAPITAL ALLOCATION STRATEGY
* BREACH INLET CAPITAL SAYS "REMAIN STEADFAST IN OUR BELIEF" THAT AIMIA TRADES "FOR A SUBSTANTIAL DISCOUNT TO THE COMPANY'S NET ASSET VALUE"
* BREACH INLET CAPITAL SAYS RECOMMENDS AIMIA REPLACE (4) LEGACY DIRECTORS WITH "PROVEN CAPITAL ALLOCATORS"
* BREACH INLET CAPITAL SAYS RECOMMENDS AIMIA "CLOSE THE ILS SEGMENT TO ELIMINATE FORECASTED LOSSES"
* BREACH INLET CAPITAL SAYS RECOMMENDS AIMIA "INITIATE A FORMAL PROCESS TO MONETIZE MINORITY INVESTMENTS"
* BREACH INLET CAPITAL SAYS RECOMMENDS AIMIA "DO NOT PURSUE ANY ACQUISITIONS UNTIL AFTER THE 2019 AGM"
* BREACH INLET CAPITAL SAYS FOLLOWING AIMIA'S 2019 AGM, RECOMMENDS AIMIA "PURSUE M&A ACROSS ALL INDUSTRIES AND NOT JUST WITHIN LOYALTY & TRAVEL"