RE:wow PR.C down to 16.45 9.5% yield!!They can initiate an NCIB, and it would be at a nice discount to what they'll eventually have to redeem them for, plus all accrued dividends, but I'd be pretty surprised to seem them opt for that given they likely don't want to compromise their liquidity position. The last thing Bombardier needs is another debt downgrade, making future borrowing more expensive. The more equity, the better, from a liquidity standpoint, and issuing more common shares to reconcile any preferred shares they were to purchase would be a tough sell given the recent dilution.