Bombardier Inc. - Redemption of Series 1 preferred shares.MONTREAL--(BUSINESS WIRE)--May 12, 1997--BOMBARDIER(ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A., ME, TSE:BBD.B.) The Board of Directors of Bombardier Inc. authorized the redemption of all the Series 1 Cumulative Redeemable Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of the Corporation. The Series 1 Preferred Shares will be redeemed by the Corporation on June 30, 1997 at $25 per share, the redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. set out in the Articles of the Corporation, plus an amount of $0,3108 per share representing the dividend accrued on these shares from April 30, 1997 to June 30, 1997. Bombardier Inc. is a Canadian corporation engaged in design, development, manufacturing and marketing activities in the fields of transportation equipment, aerospace, and motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. consumer products. It also provides services related to its core competencies. The Montreal-based Corporation operates plants in Canada, the United States, Mexico, Austria, Belgium, Finland, France, Germany and the United Kingdom, employing 41,000 people. Bombardier's revenues for its last fiscal year ended January 31, 1997 totalled 8 billion Canadian dollars, and more than 85 percent of its revenues are generated in markets outside Canada. CONTACT: Bombardier Inc. Michel Lord, 514/861-9481 www.bombardier.com |
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