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Retirement pays dividends for Amica insiders

Over the past year, retirement home company Amica Mature Lifestyles Inc. is up more than 35 per cent. During that period, CEO Samir A. Manji reported acquiring 82,264 company shares through the public market or option exercises. He now holds 3,354,113 shares representing 17.5 per cent of the company's quoted market value. In addition, on Oct. 13, CFO Art Ayres exercised 2,000 options, but did not subsequently sell any stock.

Insiders are benefiting from more than price gains as Amica recently boosted its quarterly dividend to seven cents per share from six.

Ted Dixon is CEO of INK Research , which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Graph Footnote:

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

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