What are the principal terms and conditions relating to Bombardiers authorized and outstanding series of preferred shares?
All Bombardier preferred shares are perpetual, non-voting, cumulative and redeemable at the Corporation’s option. An unlimited number of preferred shares, without nominal or par value, are issuable in series, of which the following series have been authorized: 12,000,000 Series 2 preferred shares, of which 9,464,920 shares are currently issued and outstanding 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, 2007 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 decl
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