Shares & Dividends, Preferred shares, Series 2

Share information

An unlimited number of Series 2 non‑voting preferred shares, without nominal or par value, issuable in series are authorized.

Preferred shares12,000,000 Series 2 Cumulative Redeemable Preferred Shares
RedemptionRedeemable, at the Corporation’s option, at $25.50 Cdn per share.
Conversion
  • Convertible on a one‑for‑one basis, at the option of the holder, on August 1, 2027 and on August 1 of every fifth year thereafter into Series 3 Cumulative Redeemable Preferred Shares.
  • Fourteen days before the conversion date, if the Corporation determines, after having taken into account all shares tendered for conversion by holders, that there would be less than 1,000,000 outstanding Series 2 Cumulative Redeemable Preferred Shares, such remaining number shall automatically be converted into an equal number of Series 3 Cumulative Redeemable Preferred Shares.
  • Likewise, if the Corporation determines that on any conversion date, there would be less than 1,000,000 outstanding Series 3 Cumulative Redeemable Preferred Shares, then no Series 2 Cumulative Redeemable Preferred Shares may be converted.
Dividend
  • Since August 1, 2002, the variable cumulative preferential cash dividends are payable monthly on the 15th day of each month, if declared, with the annual variable dividend rate being equal to 80% of the Canadian prime rate.
  • The dividend rate will vary in relation to changes in the prime rate and will be adjusted upwards or downwards on a monthly basis to a monthly maximum of 4% if the trading price of Series 2 Cumulative Redeemable Preferred Shares is less than $24.90 Cdn per share or more than $25.10 Cdn per share.

Dividends

Dividends on Bombardier securities are to be paid, subject to applicable law, if and when they are declared by the Corporation's Board of Directors.

Please note that as of December 31, 2005, unless stated otherwise, all dividends paid by Bombardier on all of its common and preferred shares are considered "eligible dividends" as per the Canadian Income Tax Act and any corresponding provincial or territorial legislation. The same designation applies under the Quebec Taxation Act for dividends declared after March 23, 2006.

The following lists the dividends declared by Bombardier's Board of Directors on the Corporation's securities.

Payment dateDividend payment 
(in $ CAN)
Ex-dateRecord date
October 15, 2024$0.1351
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.483%))
September 27, 2024September 30, 2024
September 15, 2024$0.1396
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.70%))
August 29, 2024August 30, 2024
August 15, 2024$0.1436
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.894%))
July 30, 2024July 31, 2024
July 15, 2024$0.1457 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.95))
June 27, 2024June 28, 2024
June 15, 2024$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
May 30, 2024May 31, 2024
May 15, 2024$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
April 26, 2024April 30, 2024
April 15, 2024$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
March 26, 2024March 28, 2024
March 15, 2024$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
February 27, 2024February 29, 2024
February 15, 2024$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
January 29, 2024January 31, 2024
January 15, 2024$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
December 27, 2023December 29, 2023
December 15, 2023$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
November 28, 2023November 30, 2023
November 15, 2023$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
October 27, 2023October 31, 2023
October 15, 2023$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
September 27, 2023September 29, 2023
September 15, 2023$0.15 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.20%))
August 29, 2023August 31, 2023
August 15, 2023$0.1480 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (7.103%))
July 27, 2023July 31, 2023
July 17, 2023$0.1436 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.892%))
June 28, 2023June 30, 2023
June 15, 2023$0.1396 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.70%))
May 29, 2023May 31, 2023
May 15, 2023$0.1396 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.70%))
April 26, 2023April 28, 2023
April 15, 2023$0.1396 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.70%))
March 29, 2023March 31, 2023
March 15, 2023$0.1396 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.70%))
February 24, 2023February 28, 2023
February 15, 2023$0.1354 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.498%))
January 27, 2023January 31, 2023
January 16, 2023$0.1320 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (6.337%))
December 28, 2022December 30, 2022
December 15, 2022$0.1240 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (5.95%))
November 28, 2022November 30, 2022
November 15, 2022$0.1152 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (5.531%))
October 27, 2022October 31, 2022
October 15, 2022$0.1099 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (5.275%))
September 28, 2022September 30, 2022
September 15, 2022$0.0979 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (4.7%))
August 29, 2022August 31, 2022
August 15, 2022$0.0892 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (4.281%))
July 27, 2022July 29, 2022
July 15, 2022$0.0767 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.6833%))
June 28, 2022June 30, 2022
June 15, 2022$0.0667 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.2%))
May 27, 2022May 31, 2022
May 15, 2022$0.0622 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.9833%))
April 27, 2022April 29, 2022
April 15, 2022$0.0559 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.6839%))
March 29, 2022March 31, 2022
March 15, 2022$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
February 24, 2022February 28, 2022
February 15, 2022$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
January 27, 2022January 31, 2022
January 15, 2022$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
December 29, 2021December 31, 2021
December 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
November 26, 2021November 30, 2021
November 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
October 27, 2021October 29, 2021
October 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
September 28, 2021September 30, 2021
September 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
August 27, 2021August 31, 2021
August 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
July 28, 2021July 30, 2021
July 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
June 28, 2021June 30, 2021
June 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
May 27, 2021May 31, 2021
May 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
April 28, 2021April 30, 2021
April 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
March 29, 2021March 31, 2021
March 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
February 24, 2021February 26, 2021
February 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
January 27, 2021January 29, 2021
January 15, 2021$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
December 29, 2020December 31, 2020
December 15, 2020$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
November 26, 2020November 30, 2020
November 15, 2020$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
October 28, 2020October 30, 2020
October 15, 2020$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
September 28, 2020September 30, 2020
September 15, 2020$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
August 27, 2020August 31, 2020
August 15, 2020$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
July 29, 2020July 31, 2020
July 15, 2020$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
June 26, 2020June 30, 2020
June 15, 2020$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
May 27, 2020May 29, 2020
May 15, 2020$0.0510 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (2.45%))
April 28, 2020April 30, 2020
April 15, 2020$0.0674 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.235%))
March 27, 2020March 31, 2020
March 15, 2020$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
February 26, 2020February 28, 2020
February 15, 2020$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
January 29, 2020January 31, 2020
January 15, 2020$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
December 27, 2019December 31, 2019
December 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
November 27, 2019November 29, 2019
November 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
October 29, 2019October 31, 2019
October 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
September 26, 2019September 30, 2019
September 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
August 28, 2019August 30, 2019
August 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
July 29, 2019July 31, 2019
July 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
June 26, 2019June 28, 2019
June 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
May 29, 2019May 31, 2019
May 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
April 26, 2019April 30, 2019
April 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
March 27, 2019March 29, 2019
March 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
February 26, 2019February 28, 2019
February 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
January 29, 2019January 31, 2019
January 15, 2019$0.0823 
(based on an annual dividend rate equal to 100% of the Canadian prime rate (3.95%))
December 27, 2018December 31, 2018

Dividends for 2002-2018

Redemption features:

Series 2 preferred shares are redeemable at Bombardier Inc.'s option at $25.00 per share on August 1, 2002 or at $25.50 per share thereafter.

Conversion features:

Series 2 preferred shares are convertible on a one-for-one basis on August 1, 2022 and on August 1 of every fifth year thereafter into Series 3 preferred shares. Fourteen days preceding a conversion date, if the number of Series 2 preferred shares outstanding is less than 1,000,000 shares, they will automatically be converted into an equal number of Series 3 preferred shares.

Dividends:

As of September 15, 2002, dividends are payable monthly, if declared, with the annual floating dividend rate on Series 2 preferred shares equal to 80% of the Canadian prime rate for the first payment. The dividend rate will float in relation to changes in the prime rate and will be adjusted upwards or downwards on a monthly basis to a monthly maximum fluctuation of 4%, if the trading price of the Series 2 preferred shares is less than $24.90 per share, or more than $25.10 per share. The annual dividend rate applicable in a month will in no event be less than 50% of prime or greater than prime.

The dividend amount on the Series 2 preferred shares is obtained by multiplying the par value of the shares ($25.00) by the determined percentage rate (i.e. 80%) multiplied by the prime rate on the specific month (i.e. 4.5%), which results in a yearly dividend, which is then divided by 12 to get the monthly dividend.

For example, in September, the prime rate was 4.5%. Therefore, the dividend amount paid for this specific month was $0.075 ($25.00 times 80% of 4.5% results in a yearly dividend of $0.90, which is then divided by 12).

In October, the prime rate was 4.5%. Because the share price was below $24.90, the percentage of prime paid increased by 4% to 84% and the dividend amount paid for this specific month was $0.07875 ($25.00 times 84% of 4.5%, which is then divided by 12).

Read the prospectus