HALIFAX, March 20, 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 April 17, 2018 to
shareholders of record at the close of business on March 29, 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.
About Chorus
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'.
www.chorusaviation.ca
SOURCE Chorus Aviation Inc.