Questions on the preferred shares... InternalAudit.
Read up on the preferred shares from the Bombardier web site. Don't trust anything posted here, most of it are lies by what appears to be 24/7 bashers hired by short sellers and/or the competition.
GapDown appears to be a pro-chinese junk guy. The guy loves fake eggs, cars and planes... Really wants Bombardier to sell to the chinese for some off reason....
The preferreds are worth $25 on redemption. Bombardier at the reset interval, can give you $25 or transfer then at a $25 value towards other shares. In the meantime, you get crazy high dividends.
BBD.PR.B
https://ir.bombardier.com/en/preferred-series-2 Redemption | Redeemable, at the Corporation’s option, at $25.50 Cdn per share. | |
| Conversion | - Convertible on a oneforone basis, at the option of the holder, on August 1, 2017 and on August 1 of every fifth year thereafter into Series 3 Cumulative Redeemable Preferred Shares.
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BBD.PR.D
https://ir.bombardier.com/en/preferred-series-3 | Redemption | Redeemable, at the Corporation’s option, at $25.00 Cdn per share on August 1, 2017 and on August 1 of every fifth year thereafter. | | | Conversion | - Convertible on a oneforone basis, at the option of the holder, on August 1, 2017 and on August 1 of every fifth year thereafter into Series 2 Cumulative Redeemable Preferred Shares.
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BBD.PR.C
https://ir.bombardier.com/en/preferred-series-4 | Redemption | The Corporation may, subject to certain provisions, on not less than 30 nor more than 60 days’ notice, redeem for cash the Series 4 Cumulative Redeemable Preferred Shares at $25.00 Cdn. | | | Conversion | - The Corporation may, subject to the approval of the Toronto Stock Exchange and such other stock exchanges on which the Series 4 Cumulative Redeemable Preferred Shares are then listed, at any time convert all or any of the outstanding Series 4 Cumulative Redeemable Preferred Shares into fully paid and nonassessable Class B Shares (Subordinate Voting) of the Corporation.
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