HALIFAX, May 22, 2019 /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 June 18, 2019 to
shareholders of record at the close of business on May 31, 2019. 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
2011 and has established Chorus Aviation Capital Corp. to become a
leading, global provider of regional aircraft leases. Chorus also
owns Jazz Aviation LP and Voyageur Aviation Corp. – 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. Together, the Chorus group of companies can
provide a full suite of regional aviation support services. Chorus
Class A Variable Voting Shares and Class B Voting Shares trade on
the TSX under the trading symbol 'CHR'.
www.chorusaviation.ca
SOURCE Chorus Aviation Inc.