50 SKY SHADES - World aviation news

Bombardier Announces Dividend Rate Applicable to its Series 3 Preferred Shares

Download: Printable PDF Date: 12 Jul 2017 10:11 categories:
Publisher:
Bombardier Announces Dividend Rate Applicable to its Series 3 Preferred Shares - Finance publisher
Krista Kuznecova
Country: Canada Aircraft: Airplanes

Bombardier Inc. announced that as of August 1, 2017, its Series 3 Preferred Shares will pay, on a quarterly basis, as and when declared by the Board of Directors of Bombardier Inc., cash dividends for the following five years that will be based on a fixed rate equal to the product of (a) the average of the yield to maturity, designated on July 11, 2017 by National Bank Financial Inc. and Scotia Capital Inc., that would be carried by a Government of Canada bond with a five-year maturity, namely 1.503%, multiplied by (b) 265%, which multiplier was previously announced on June 16, 2017.

Accordingly, the annual dividend rate applicable to the Series 3 Preferred Shares for the period of five years beginning on August 1, 2017 will be 3.983%.

As a reminder, any registered shareholder who wishes to convert his or her Series 2 and/ or Series 3 Preferred Shares must complete and sign the conversion panel contained on the back of the Series 2 or Series 3 Preferred Share certificate as the case may be, and deliver it, at the latest by 5:00 p.m. (Montréal time) on July 18, 2017, to Computershare Investor Services Inc. Likewise, shareholders who are beneficial owners and who wish to exercise their right of conversion should communicate as soon as possible with their broker or other nominee and follow their instructions. In that case, it is important that they follow such instructions and act in the timeframe advised so as to provide enough time to their broker or other nominee to meet the July 18, 2017 deadline.

Image result for bombardier



Loading comments for Bombardier Announces Dividend Rate Applicable to its Series 3 Preferred Shares...


Recommended

Airbus Commercial Aircraft delivers record performance

Total deliveries reached 718 – four percent higher than the previous record 1,109 total net orders from 44 customers; Book-to-bill ratio at 1.5 Airbus’ Commercial Aircraft delive...

Embraer reaches 2017 delivery outlook

Embraer delivered a total of 210 jets in 2017, of which 101 were commercial aircraft and 109 were executive jets (72 light and 37 large). The deliveries were within the outlook ranges for the yea...

Flight delayed due to extraordinary circumstances: what if airline is wrong?

Consumer watchdog Which? analysis reveals than in UK on average every fourth flight is late to reach its destination. Extraordinary circumstances have become favorite airlines’ excuse to avoid p...

Gogo AVANCE L3 delivers affordable, customizable broadband connectivity to business aviation

Gogo Business Aviation unveils Gogo AVANCE L3, an innovative new inflight connectivity system that delivers the benefits of the Gogo AVANCE platform to passengers and flight departments in a smal...