ACE Aviation Holdings Inc. announced that it has received Court approval for a final distribution to the shareholders in the amount of $5.3 million (or approximately $0.16 per share) and the dissolution of ACE. ACE currently has 32,475,434 common shares issued and outstanding. The final amount to be distributed to shareholders is $5.3 million, representing a final payment of approximately $0.16 per share.

The final distribution represents all of the remaining cash of ACE less accrued accounts payables, and the remaining expenses relating to the final distribution, the dissolution and certain post-dissolution matters as contemplated in the Court order. The record date to determine shareholders entitled to receive the final distribution will be March 5, 2024 and the payment date for the distribution will be March 13, 2024.