ACE Aviation ups conversion ratio of 4.25% notes

By Susanna Moon

Chicago, June 12 - ACE Aviation Holdings Inc. adjusted the conversion ratio of its 4.25% convertible notes due 2035 to 37.6879 shares per C$1,000 of convertible notes, from 32.5210 per C$1,000, according to a press release.

The adjustment is effective Tuesday and has been set under the terms of the indenture dated April 2005.

The company's stock (TSX: ACE-A) closed at C$26.35 on June 11.

ACE Aviation is a transportation services company based in Montreal.

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