Air Canada seeks to attract extra U.S. buyers with OTC listing

Air Canada’s shares will start buying and selling on a U.S. over-the-counter marketplace Friday in a bid to attract more American investors.

The airline’s class A and sophistication B stocks will alternate at the OTCQX global top-rated, an over the counter marketplace for foreign agencies that meet sure big apple inventory change qualifications, beneath the ticker symbol ACDVF.

“The visibility and high-quality of the OTCQX marketplace will assist enlarge Air Canada’s investor attain inside the U.S.,” stated chief monetary officer Michael Rousseau.

 “worldwide hobby in Air Canada has improved and the OTCQX market offers another available platform for U.S. buyers to buy and trade our stock.”

Air Canada’s shares may even retain to trade on the Toronto inventory alternate.

Canadian airlines are difficulty to rules that require as a minimum 75 in keeping with cent of their voting pastimes to be owned and managed by way of Canadians.

Air Canada has a twin-class share shape that gives Canadian traders class B voting shares and non-Canadian investors class A variable vote casting shares, which might be adjusted to ensure they don’t exceed 25 according to cent of the stocks outstanding.