MONTRÉAL, Sept. 14, 2018 /CNW
Telbec/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that none
of its fixed-rate Cumulative Redeemable First Preferred Shares,
Series AQ (Series AQ Preferred Shares) will be converted into
floating-rate Cumulative Redeemable First Preferred Shares, Series
AR (Series AR Preferred Shares) on October
1, 2018.
On August 31, 2018, notice was
provided that holders of Series AQ Preferred Shares could elect to
convert their shares into Series AR Preferred Shares subject to the
terms and conditions attached to those shares. Only 93,593 of BCE's
9,200,000 Series AQ Preferred Shares were tendered for conversion
on October 1, 2018 into Series AR
Preferred Shares. As this would result in there being less than one
million Series AR Preferred Shares outstanding, no Series AQ
Preferred Shares will be converted on October 1, 2018 into Series AR Preferred Shares,
as per the terms and conditions attached to those shares.
The Series AQ Preferred Shares will continue to be listed on the
Toronto Stock Exchange under the symbol BCE.PR.Q. The Series AQ
Preferred Shares will pay on a quarterly basis, for the five-year
period beginning on September 30,
2018, as and when declared by the Board of Directors of BCE,
a fixed quarterly cash dividend based on an annual dividend rate of
4.812%.
About BCE
BCE is Canada's largest communications
company, providing advanced Bell broadband wireless, TV, Internet
and business communication services throughout the country. Bell
Media is Canada's premier content creation company with leading
assets in television, radio, out of home, and digital media. To
learn more, please visit Bell.ca or BCE.ca.
The Bell Let's Talk initiative promotes Canadian mental health
with national awareness and anti-stigma campaigns like Bell Let's
Talk Day and significant Bell funding of community care and access,
research and workplace mental health initiatives. To learn more,
please visit Bell.ca/LetsTalk.
Media inquiries:
Marie-Eve Francoeur
514-391-5263
marie-eve.francoeur@bell.ca
Investor inquiries:
Thane Fotopoulos,
514-870-4619
thane.fotopoulos@bell.ca
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SOURCE Bell Canada