Why are there so many different types of shares in Bombardier? Which stock is the best to buy?

Answers:2   |   LastUpdateAt:2012-10-10 15:41:03  

Question
hg1985
Asked at 2012-09-09 05:58:02
Anyone know why there are so many different types of actions Bombardier ( BBD.B , BBD.A , BBD.PR.B , BBD.PR.C , BBD.PR.A ) ? And what you buy were to invest in this company ? I understand and BBD.A BBD.B are common stock , and the others are preferred, thus preferred premium for trade. See also pays a dividend each different amount, but I can not understand why there are so many different beings and that is the best ? Any help is appreciated . MedlinePlus MedlinePlus Steve
Answer1luieAnswered at 2012-09-18 14:12:06
A and B shares are assigned that way to indicate that they have different voting rights. Class A shares give 10 votes per share and Class B will give one vote per share. MedlinePlus The differences in preferred stock as follows.
12 million Preferred Shares Series 2, of which 2,597,907 shares currently issued and outstanding MedlinePlus MedlinePlus Features Redemption:
Series 2 preferred shares redeemable at the option of Bombardier Inc. 's $ 25.00 per share on August 1, 2002, or $ 25.50 per share thereafter. MedlinePlus MedlinePlus Conversion functions:
Series 2 preferred shares are convertible on a one for one basis, on August 1, 2007 and August 1 every five years thereafter into Series 3 preferred shares. Fourteen days prior to the date of conversion, if the number of Series 2 Preferred Shares outstanding is less than 1,000,000 shares, which will be automatically converted into an equal number of Series 3 preferred shares. MedlinePlus MedlinePlus Dividends:
The September 15, 2002, dividends are payable monthly, if declared, with the annual rate of return varies Preferred Shares Series 2 equal to 80% of Canada's first rate for the first payment. The dividend rate will float in relation to changes in the prime rate and is adjusted upwards or downwards on a monthly to a monthly maximum fluctuation of 4%, if the trading price of the two series of preferred stock is less of $ 24.90 per share, or more than $ 25.10 per share. The annual dividend rate applicable in a month will in no case be less than 50% of the premium or higher than prime. MedlinePlus MedlinePlus The dividend on the Series 2 preferred stock is obtained by multiplying the nominal value of the shares ($ 25.00) by the specified percentage (ie 80%) multiplied by the prime rate in the specific month (ie 4 , 5%), resulting in an annual dividend, which is divided by 12 to get the monthly dividend. MedlinePlus MedlinePlus For example, in September, the prime interest rate of 4.5%. Therefore, the amount of the dividend paid for this particular month was $ 0.075 ($ 25.00 times 80% results in a 4.5% annual dividend of $ 0.90, which is then divided by 12). MedlinePlus MedlinePlus In October, the prime interest rate of 4.5%. Because the share price was below $ 24.90, the premium percentage paid increased by 4% to 84%, and the amount of the dividend paid for this particular month was $ 0.07875 ($ 25.00 Sometimes 84% ​​of 4.5%, which is then divided by 12).
MedlinePlus On August 1, 2002, 9,402,093 shares of Series 2 Preferred became 9,402,093 preferred shares of Series 3. MedlinePlus MedlinePlus Click here for brochure. MedlinePlus MedlinePlus 12,000,000 preferred shares of Series 3, of which 9,402,093 shares were issued and outstanding currently MedlinePlus MedlinePlus Features Redemption:
Series 3 preferred shares are redeemable at the option of Bombardier Inc. 's $ 25.00 per share on August 1, 2007 and August 1 every five years thereafter. MedlinePlus MedlinePlus Conversion functions:
Series 3 preferred shares are convertible on a one for one basis at the option of the holder on August 1, 2007 and August 1 every five years thereafter into Series 2 preferred shares. If Bombardier Inc. determines that, fourteen days prior to the date of conversion, there would be less than 1,000,000 outstanding Preferred Shares Series 2, then no Series 3 preferred shares may be converted. MedlinePlus MedlinePlus Dividends:
At October 31, 2002, dividends are payable quarterly, if declared, with an annual dividend rate on the preferred shares of three series of 5476% or $ 1.369 per year ($ 0.34225 per quarter) for the initial period five. Each five-year rate fixed dividend selected by the Corporation shall not be less than 80% of the Government of Canada bond yield as specified in the Series 2 preferred stock prospectus. MedlinePlus MedlinePlus On August 1, 2002, 9,402,093 shares of Series 2 Preferred became 9,402,093 preferred shares of Series 3. MedlinePlus MedlinePlus Click here for brochure. MedlinePlus MedlinePlus 9.4 million preferred shares Series 4, which are all currently issued and outstanding MedlinePlus MedlinePlus Features Redemption:
Series 4 preferred shares redeemable at the option of Bombardier Inc. 's $ 26.00 per share on or after March 31, 2007, but prior to March 31, 2008; MedlinePlus to $ 25.75 if redeemed on or after March 31, 2008, but before March 31, 2009; MedlinePlus to $ 25.50 if redeemed on or after March 31, 2009, but before March 31, 2010; MedlinePlus to $ 25.25 if redeemed on or after March 31, 2010, but before March 31, 2011; MedlinePlus and $ 25.00 if redeemed on or after March 31, 2011. MedlinePlus MedlinePlus Bombardier Inc. will provide not less than 30 nor more than 60 days notice of such redemption to each holder of Preferred Shares Series 4 to be redeemed. If less than all outstanding Series 4 preferred shares are to be redeemed at any time, Bombardier Inc. will have discretion to determine how to select actions to redeem. MedlinePlus MedlinePlus Features of the conversion into shares of Class B:
On or after March 31, 2007, Bombardier Inc. may, not less than 30 nor more than 60 days notice, and is subject to the approvals of currency exchange rates, convert all or any of the four series of preferred stock into shares Class B. The number of shares of Class B we can be each Series 4 Preferred Shares so converted is determined by dividing the redemption price then applicable for Series 4 Preferred Shares 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, ending the fourth day before the date set for the conversion or, if the fourth day is not a business day, the business day immediately preceding the fourth day itself. If less than all outstanding Series four preferred shares at any time to convert the shares to be converted will be selected by lot or in such other equitable manner as the Corporation may determine. (For example: $ 26.00 redemption price, the weighted average trading price of the shares of Class B $ 11.45, 95% of $ 11.45 is $ 10.8775, which is greater than $ 2.00, by so divide $ 26.00 by $ 10.8775, 2.39026 would get shares at the date of conversion from fractions. actions are not available, the result would lead to two Class B shares and the rest (0, 39,026 shares) paid in cash) MedlinePlus 12 million Preferred Shares Series 2, of which 2,597,907 shares currently issued and outstanding MedlinePlus MedlinePlus Features Redemption:
Series 2 preferred shares redeemable at the option of Bombardier Inc. 's $ 25.00 per share on August 1, 2002, or $ 25.50 per share thereafter. MedlinePlus MedlinePlus Conversion functions:
Series 2 preferred shares are convertible on a one for one basis, on August 1, 2007 and August 1 every five years thereafter into Series 3 preferred shares. Fourteen days prior to the date of conversion, if the number of Series 2 Preferred Shares outstanding is less than 1,000,000 shares, which will be automatically converted into an equal number of Series 3 preferred shares. MedlinePlus MedlinePlus Dividends:
The September 15, 2002, dividends are payable monthly, if declared, with the annual rate of return varies Preferred Shares Series 2 equal to 80% of Canada's first rate for the first payment. The dividend rate will float in relation to changes in the prime rate and is adjusted upwards or downwards on a monthly to a monthly maximum fluctuation of 4%, if the trading price of the two series of preferred stock is less of $ 24.90 per share, or more than $ 25.10 per share. The annual dividend rate applicable in a month will in no case be less than 50% of the premium or higher than prime. MedlinePlus MedlinePlus The dividend on the Series 2 preferred stock is obtained by multiplying the nominal value of the shares ($ 25.00) by the specified percentage (ie 80%) multiplied by the prime rate in the specific month (ie 4 , 5%), resulting in an annual dividend, which is divided by 12 to get the monthly dividend. MedlinePlus MedlinePlus For example, in September, the prime interest rate of 4.5%. Therefore, the amount of the dividend paid for this particular month was $ 0.075 ($ 25.00 times 80% results in a 4.5% annual dividend of $ 0.90, which is then divided by 12). MedlinePlus MedlinePlus In October, the prime interest rate of 4.5%. Because the share price was below $ 24.90, the premium percentage paid increased by 4% to 84%, and the amount of the dividend paid for this particular month was $ 0.07875 ($ 25.00 Sometimes 84% ​​of 4.5%, which is then divided by 12).
MedlinePlus On August 1, 2002, 9,402,093 shares of Series 2 Preferred became 9,402,093 preferred shares of Series 3. MedlinePlus MedlinePlus Click here for brochure. MedlinePlus MedlinePlus 12,000,000 preferred shares of Series 3, of which 9,402,093 shares were issued and outstanding currently MedlinePlus MedlinePlus Features Redemption:
Series 3 preferred shares are redeemable at the option of Bombardier Inc. 's $ 25.00 per share on August 1, 2007 and August 1 every five years thereafter. MedlinePlus MedlinePlus Conversion functions:
Series 3 preferred shares are convertible on a one for one basis at the option of the holder on August 1, 2007 and August 1 every five years thereafter into Series 2 preferred shares. If Bombardier Inc. determines that, fourteen days prior to the date of conversion, there would be less than 1,000,000 outstanding Preferred Shares Series 2, then no Series 3 preferred shares may be converted. MedlinePlus MedlinePlus Dividends:
At October 31, 2002, dividends are payable quarterly, if declared, with an annual dividend rate on the preferred shares of three series of 5476% or $ 1.369 per year ($ 0.34225 per quarter) for the initial period five. Each five-year rate fixed dividend selected by the Corporation shall not be less than 80% of the Government of Canada bond yield as specified in the Series 2 preferred stock prospectus. MedlinePlus MedlinePlus On August 1, 2002, 9,402,093 shares of Series 2 Preferred became 9,402,093 preferred shares of Series 3. MedlinePlus MedlinePlus Click here for brochure. MedlinePlus MedlinePlus 9.4 million preferred shares Series 4, which are all currently issued and outstanding MedlinePlus MedlinePlus Features Redemption:
Series 4 preferred shares redeemable at the option of Bombardier Inc. 's $ 26.00 per share on or after March 31, 2007, but prior to March 31, 2008; MedlinePlus to $ 25.75 if redeemed on or after March 31, 2008, but before March 31, 2009; MedlinePlus to $ 25.50 if redeemed on or after March 31, 2009, but before March 31, 2010; MedlinePlus to $ 25.25 if redeemed on or after March 31, 2010, but before March 31, 2011; MedlinePlus and $ 25.00 if redeemed on or after March 31, 2011. MedlinePlus MedlinePlus Bombardier Inc. will provide not less than 30 nor more than 60 days notice of such redemption to each holder of Preferred Shares Series 4 to be redeemed. If less than all outstanding Series 4 preferred shares are to be redeemed at any time, Bombardier Inc. will have discretion to determine how to select actions to redeem. MedlinePlus MedlinePlus Features of the conversion into shares of Class B:
On or after March 31, 2007, Bombardier Inc. may, not less than 30 nor more than 60 days notice, and is subject to the approvals of currency exchange rates, convert all or any of the four series of preferred stock into shares Class B. The number of shares of Class B we can be each Series 4 Preferred Shares so converted is determined by dividing the redemption price then applicable for Series 4 Preferred Shares 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, ending the fourth day before the date set for the conversion or, if the fourth day is not a business day, the business day immediately preceding the fourth day itself. If less than all outstanding Series four preferred shares at any time to convert the shares to be converted will be selected by lot or in such other equitable manner as the Corporation may determine. (For example: $ 26.00 redemption price, the weighted average trading price of the shares of Class B $ 11.45, 95% of $ 11.45 is $ 10.8775, which is greater than $ 2.00, by so divide $ 26.00 by $ 10.8775, 2.39026 would get shares at the date of conversion from fractions. actions are not available, the result would lead to two Class B shares and the rest (0, 39,026 shares) paid in cash) MedlinePlus MedlinePlus There are a lot of different actions for the above reasons, and because of the way they have structutured capitalization. What is the best really depends on your investment objective and not knowing it would be hard to say.
Answer2melonyAnswered at 2012-10-10 15:41:01
I do not think I can explain better than your understanding , except to say , the preferred shares will be paid in the first place , especially in case of bankruptcy of the company . Each action was " sold " to a broker, who in turn sells it to the public . Money was raised for the company to use each time. Look at it as if the company borrowed money often share rather than creating to sell . Loans are made ​​on the future value of the company , if the company continues to grow economically , is never big thing .
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