08:05 AM EDT, 09/02/2025 (MT Newswires) -- Aimia ( AIMFF ) said Tuesday that it has received a tax refund of $29.3 million, including net interest proceeds, following the final processing of a settlement agreement with the Canada Revenue Agency. This relates to a 2013 income tax audit of Aeroplan, the company's former subsidiary.

Proceeds will be used to fund Aimia's ( AIMFF ) 2025-2026 normal course issuer bid and for general investment purposes.

Aimia ( AIMFF ) added it also expects a refund from Revenu Quebec, for the remaining $6 million portion of the 2013 income tax audit.

Aimia ( AIMFF ) shares closed up $0.02, to $3.10, on Friday.