RE:RE:RE:RE:RE:BBD.PR.D Dividend Increase 27%+ for next 5 Yearsholybaba wrote:
Interesting that the C's don't increase and will now yield less. On another note from what I read the B's will become D's or the D's will become B's one way or another, what do you think will happen, the B's are up almost 6% today?
The pref B's disappearing will only happen if there are less than 1,000,000 shares outstanding after conversion. The same provision exists for the D's but I don't see that happening this time around. More info on the individual series
Bombardier Share info I for one hope there will be B's left after the coversion (there are over 9,000,000 now). Once the conversion date passes I expect there to be a differential in the pref B and pref D prices as the yields come closer together. If that happens I will sell the higher priced D's and buy back the lower priced pref B's to benefit from any rate rise over the next 3 to 4 years.