HALIFAX, Feb. 16, 2018 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) today announced a monthly dividend of $0.04 per Class A and Class B share payable on or after March 15, 2018 to shareholders of record at the close of business on February 28, 2018. These dividends qualify as eligible dividends in Canada and qualifying dividends in the United States.
Effective February 1, 2018 Chorus implemented a Dividend Reinvestment Plan ('DRIP') that allows Chorus to offer a discount of up to 5% from the average market price for shares purchased under the DRIP. Chorus is currently offering a discount of 4%.
The DRIP provides shareholders who are resident in Canada the opportunity to purchase additional Chorus shares using cash dividends paid on shares enrolled in the DRIP. Some of the benefits of participating in the DRIP include the current discount of 4%, the convenience of automatic reinvestment, savings from not having to pay brokerage fees or other service charges for shares purchased under the DRIP, and the ability to acquire fractional shares. Details are provided in the Investor Relations section of Chorus' website at http://chorusaviation.ca/dividend-reinvestment-plan.
Headquartered in Halifax, Nova Scotia, Chorus was incorporated on September 27, 2010. Chorus' vision is to deliver regional aviation to the world. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and has established Chorus Aviation Capital Corp. to become a leading, global provider of regional aircraft leases and support services. Chorus also owns Jazz Aviation and Voyageur Aviation – companies that have long histories of safe and solid operations that deliver excellent customer service in the areas of contract flying operations, engineering, fleet management, and maintenance, repair and overhaul. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'.
SOURCE Chorus Aviation Inc.
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