Preferred shares are a class of shares that provide an income stream of dividend payments and entitle the shareholder to preferred status relative to holders of common shares in the event of a company's liquidation. Preferred shares usually have voting rights only when a stated number of dividends have been omitted. Closed-end funds can issue preferred shares as a means of leveraging their common stockholders' returns. In such a case, the proceeds from a preferred offering would be used to increase the investment portfolio of the Company (the Fund).

Preferred Shares
Currently, CGI has two series of Class A preference shares outstanding:

	TSX Symbol	Issue Date	Number of Shares Outstanding	Issue Size	Coupon
Series 2	CGI.PR.B	November 04, 2003	3,000,000	$75,000,000.00	4.65%
Series 3	CGI.PR.C	March 03, 2006	3,000,000	$75,000,000.00	3.90%

Each of the series above pays quarterly dividends on March 15, June 15, September 15 and December 15 and has a maximum life of 10 years. Full details concerning the terms of these shares, including redemption features, are provided in the respective prospectuses below:

Download Series 2 Prospectus
Download Series 3 Prospectus

In addition, CGI’s $60 million, 5.40% Class A preference shares, Series 1, which were issued on October 5, 1998 were redeemed on October 6, 2008 in accordance with the terms of its short form prospectus.