Shares & Dividends, Preferred shares, Series 4

Share information

An unlimited number of Series 4 non‑voting preferred shares, without nominal or par value, issuable in series are authorized.

Preferred shares 9,400,000 Series 4 Cumulative Redeemable Preferred Shares
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 non‑assessable Class B Shares (Subordinate Voting) of the Corporation.
  • The number of Class B Shares (Subordinate Voting) into which each Series 4 Cumulative Redeemable Preferred Shares may be so converted will be determined by dividing the then applicable redemption price together with all accrued and unpaid dividends to, but excluding the date of conversion, by the greater of $2.00 Cdn and 95% of the weighted‑average trading price of such Class B Shares (Subordinate Voting) on the Toronto Stock Exchange for the period of 20 consecutive trading days, which ends on the fourth day prior to the date specified for conversion or, if that fourth day is not a trading day, on the trading day immediately preceding such fourth day.
  • The Corporation may, at its option, at any time, create one or more further series of Preferred Shares of the Corporation, into which the holders of Series 4 Cumulative Redeemable Preferred Shares could have the right, but not the obligation, to convert their shares on a share‑for‑share basis.
Dividend The holders of Series 4 Cumulative Redeemable Preferred Shares are entitled to fixed cumulative preferential cash dividends, if declared, at a rate of 6.25% or $1.5625 Cdn per share per annum, payable quarterly on the last day of January, April, July and October of each year at a rate of $0.390625 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 date Dividend
payment
(in $ CAN)
Annual
dividend base
(in $ CAN)
Ex-date Record date Declaration date
July 31, 2021 $0.390625 $1.5625 July 14, 2021 July 16, 2021 May 5, 2021
April 30, 2021 $0.390625 $1.5625 April 14, 2021 April 16, 2021 February 10, 2021
January 31, 2021 $0.390625 $1.5625 January 13, 2021 January 15, 2021 November 4, 2020
October 31, 2020 $0.390625 $1.5625 October 14, 2020 October 16, 2020 August 5, 2020
July 31, 2020 $0.390625 $1.5625 July 8, 2020 July 10, 2020 May 6, 2020
April 30, 2020 $0.390625 $1.5625 April 8, 2020 April 10, 2020 February 12, 2020
January 31, 2020 $0.390625 $1.5625 January 15, 2020 January 17, 2020 October 30, 2019
October 31, 2019 $0.390625 $1.5625 October 9, 2019 October 11, 2019 July 31, 2019
July 31, 2019 $0.390625 $1.5625 July 10, 2019 July 12, 2019 May 1, 2019
April 30, 2019 $0.390625 $1.5625 April 10, 2019 April 12, 2019 February 13, 2019
January 31, 2019 $0.390625 $1.5625 January 9, 2019 January 11, 2019 November 7, 2018
October 31, 2018 $0.390625 $1.5625 October 10, 2018 October 12, 2018 August 1, 2018
July, 31 2018 $0.390625  $1.5625 July 11, 2018 July 13, 2018 May 2, 2018
April 30, 2018 $0.390625 $1.5625 April 11, 2018 April 13, 2018 February 14, 2018
January 31, 2018 $0.390625 $1.5625 January 10, 2018 January 12, 2018 November 1, 2017
October 31, 2017 $0.390625 $1.5625 October 11, 2017 October 13, 2017 July 27, 2017
July 31, 2017 $0.390625 $1.5625 July 12, 2017 July 14, 2017 May 10, 2017
April 30, 2017 $0.390625 $1.5625 April 12, 2017 April 14, 2017 February 15, 2017
January 31, 2017 $0.390625 $1.5625 January 11, 2017 January 13, 2017 November 9, 2016
October 31, 2016 $0.390625 $1.5625 October 12, 2016 October 14, 2016 August 4, 2016
July 31, 2016 $0.390625 $1.5625 July 13, 2016 July 15, 2016 April 27, 2016
April 30, 2016 $0.390625 $1.5625 April 13, 2016 April 15, 2016 February 16, 2016
January 31, 2016 $0.390625 $1.5625 January 13, 2016 January 15, 2016 October 28, 2015
October 31, 2015 $0.390625 $1.5625 October 14, 2015 October 16, 2015 July 29, 2015
July 31, 2015 $0.390625 $1.5625 July 15, 2015 July 17, 2015 May 7, 2015
April 30, 2015 $0.390625 $1.5625 April 15, 2015 April 17, 2015 February 12, 2015
January 31, 2015 $0.390625 $1.5625 January 14, 2015 January 16, 2015 October 29, 2014
October 31, 2014 $0.390625 $1.5625 October 15, 2014 October 17, 2014 July 30, 2014
July 31, 2014 $0.390625 $1.5625 July 9, 2014 July 11, 2014 April 30, 2014
April 30, 2014 $0.390625 $1.5625 April 9, 2014 April 11, 2014 February 12, 2014
January 31, 2014 $0.390625 $1.5625 January 15, 2014 January 17, 2014 October 30, 2013
October 31, 2013 $0.390625 $1.5625 October 16, 2013 October 18, 2013 July 31, 2013
July 31, 2013 $0.390625 $1.5625 July 10, 2013 July 12, 2013 May 8, 2013
April 30, 2013 $0.390625 $1.5625 April 10, 2013 April 12, 2013 February 20, 2013
January 31, 2013 $0.390625 $1.5625 January 16, 2013 January 18, 2013 November 6, 2012
October 31, 2012 $0.390625 $1.5625 October 10, 2012 October 12, 2012 August 8, 2012
July 31, 2012 $0.390625 $1.5625 July 11, 2012 July 13, 2012 May 9, 2012
April 30, 2012 $0.390625 $1.5625 April 11, 2012 April 13, 2012 January 18, 2012
January 31, 2012 $0.390625 $1.5625 January 11, 2012 January 13, 2012 November 30, 2011
October 31, 2011 $0.390625 $1.5625 October 12, 2011 October 14, 2011 August 30, 2011
July 31, 2011 $0.390625 $1.5625 July 13, 2011 July 15, 2011 May 31, 2011
April 30, 2011 $0.390625 $1.5625 April 13, 2011 April 15, 2011 February 16, 2011
January 31, 2011 $0.390625 $1.5625 January 12, 2011 January 14, 2011 December 1, 2010
October 31, 2010 $0.390625 $1.5625 October 13, 2010 October 15, 2010 August 31, 2010
July 31, 2010 $0.390625 $1.5625 July 14, 2010 July 16, 2010 June 1, 2010
April 30, 2010 $0.390625 $1.5625 April 14, 2010 April 16, 2010 February 17, 2010
January 31, 2010 $0.390625 $1.5625 January 13, 2010 January 15, 2010 December 2, 2009
October 31, 2009 $0.390625 $1.5625 October 14, 2009 October 16, 2009 September 1, 2009
July 31, 2009 $0.390625 $1.5625 July 15, 2009 July 17, 2009 June 2, 2009
April 30, 2009 $0.390625 $1.5625 April 15, 2009 April 17, 2009 February 18, 2009
January 31, 2009 $0.390625 $1.5625 January 14, 2009 January 16, 2009 December 3, 2008
October 31, 2008 $0.390625 $1.5625 October 15, 2008 October 17, 2008 September 3, 2008
July 31, 2008 $0.390625 $1.5625 July 16, 2008 July 18, 2008 June 3, 2008
April 30, 2008 $0.390625 $1.5625 April 16, 2008 April 18, 2008 February 20, 2008
January 31, 2008 $0.390625 $1.5625 January 16, 2008 January 18, 2008 November 27, 2007
October 31, 2007 $0.390625 $1.5625 October 17, 2007 October 19, 2007 August 28, 2007
July 31, 2007 $0.390625 $1.5625 July 11, 2007 July 13, 2007 May 28, 2007
April 30, 2007 $0.390625 $1.5625 April 11, 2007 April 13, 2007 February 20, 2007
January 31, 2007 $0.390625 $1.5625 January 17, 2007 January 19, 2007 November 28, 2006
October 31, 2006 $0.390625 $1.5625 October 11, 2006 October 13, 2006 August 29, 2006
July 31, 2006 $0.390625 $1.5625 July 12, 2006 July 14, 2006 May 29, 2006
April 30, 2006 $0.390625 $1.5625 April 11, 2006 April 13, 2006 February 21, 2006
January 31, 2006 $0.390625 $1.5625 January 18, 2006 January 20, 2006 November 29, 2005
October 31, 2005 $0.390625 $1.5625 October 12, 2005 October 14, 2005 August 23, 2005
July 31, 2005 $0.390625 $1.5625 July 14, 2005 July 16, 2005 May 31, 2005
April 30, 2005 $0.390625 $1.5625 April 13, 2005 April 15, 2005 February 22, 2005
January 31, 2005 $0.390625 $1.5625 January 12, 2005 January 14, 2005 November 30, 2004
October 31, 2004 $0.390625 $1.5625 October 13, 2004 October 15, 2004 August 24, 2004
July 31, 2004 $0.390625 $1.5625 July 14, 2004 July 16, 2004 June 1, 2004
April 30, 2004 $0.390625 $1.5625 April 14, 2004 April 16, 2004 February 24, 2004
January 31, 2004 $0.390625 $1.5625 January 14, 2004 January 16, 2004 December 2, 2003
October 31, 2003 $0.390625 $1.5625 October 15, 2003 October 17, 2003 September 30, 2003
July 31, 2003 $0.390625 $1.5625 July 16, 2003 July 18, 2003 June 10, 2003
April 30, 2003 $0.390625 $1.5625 April 15, 2003 April 18, 2003 April 3, 2003
January 31, 2003 $0.390625 $1.5625 January 15, 2003 January 17, 2003 November 19, 2002
October 31, 2002 $0.390625 $1.5625 October 16, 2002 October 18, 2002 September 24, 2002

Redemption features:

Series 4 preferred shares are redeemable at Bombardier Inc.'s option at $26.00 per share on or after March 31, 2007, but prior to March 31, 2008;
at $25.75 if redeemed on or after March 31, 2008, but prior to March 31, 2009;
at $25.50 if redeemed on or after March 31, 2009, but prior to March 31, 2010;
at $25.25 if redeemed on or after March 31, 2010, but prior to March 31, 2011;
and at $25.00 if redeemed on or after March 31, 2011.

Bombardier Inc. shall provide not less than 30 nor more than 60 days' notice of such redemption to each holder of the Series 4 preferred shares to be redeemed. If less than all outstanding Series 4 preferred shares are to be redeemed at any time, Bombardier Inc. will have sole discretion for determining the mode of selection for the shares to be redeemed.

Conversion features into class B shares:
On or after March 31, 2007, Bombardier Inc. may, on not less than 30, nor more than 60 days' notice, and subject to stock exchange approvals, convert all or any of the Series 4 preferred shares into Class B shares. The number of Class B shares into which each Series 4 preferred share may be so converted will be determined by dividing the then applicable redemption price per Series 4 preferred share together with all accrued and unpaid dividends, up to but excluding the date of conversion, by the greater of $2.00 and 95% of the weighted average trading price of the Class B shares on the Toronto Stock Exchange for the period of 20 consecutive trading days, which ends the fourth day prior to the date specified for the conversion or, if that fourth day is not a trading day, on the trading day immediately preceding such fourth day. If less than all the outstanding Series 4 preferred shares are at any time to be converted, the shares to be converted will be selected by lot or in such other equitable manner as the Corporation may determine. (For example: redemption price $26.00; weighted average trading price of Class B shares $11.45, 95% of $11.45 is $10.8775, which is greater than $2.00; thus, dividing $26.00 by $10.8775, one would obtain 2.39026 shares at the conversion date. Since fractions of shares are not available, the outcome would result in two Class B shares and the remainder (0.39026 shares) paid in cash).

Dividends:
As of April 30, 2002, dividends are payable quarterly, if declared, and in cash with an annual dividend rate of 6.25% ($1.5625 per year or $0.390625 per quarter) on Series 4 preferred shares.

Read the prospectus