MONTRÉAL, April 22, 2021
/PRNewswire/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced
that 105,430 of its 4,984,851 fixed-rate Cumulative Redeemable
First Preferred Shares, Series AG ("Series AG Preferred Shares")
have been tendered for conversion on May 1,
2021, on a one-for-one basis, into floating-rate Cumulative
Redeemable First Preferred Shares, Series AH ("Series AH Preferred
Shares"). In addition, 4,100,109 of its 9,012,249 Series AH
Preferred Shares have been tendered for conversion on May 1, 2021, on a one-for-one basis, into Series
AG Preferred Shares. Consequently, on May 1,
2021, BCE will have 8,979,530 Series AG Preferred Shares and
5,017,570 Series AH Preferred Shares issued and outstanding. The
Series AG Preferred Shares and the Series AH Preferred Shares will
continue to be listed on the Toronto Stock Exchange under the
symbols BCE.PR.G and BCE.PR.H, respectively.
The Series AG Preferred Shares will pay on a quarterly basis,
for the five-year period beginning on May 1,
2021, as and when declared by the Board of Directors of BCE,
a fixed cash dividend based on an annual fixed dividend rate of
3.37%.
The Series AH Preferred Shares will continue to pay a monthly
floating adjustable cash dividend for the five-year period
beginning on May 1, 2021, as and when
declared by the Board of Directors of BCE. The monthly floating
adjustable dividend for any particular month will continue to be
calculated based on the prime rate for such month and using the
Designated Percentage for such month representing the sum of an
adjustment factor (based on the market price of the Series AH
Preferred Shares in the preceding month) and the Designated
Percentage for the preceding month.
About BCE
BCE is Canada's largest communications
company, providing advanced Bell broadband wireless, TV, Internet
and business communications services alongside the country's
premier content creation and media assets from Bell Media. To learn
more, please visit Bell.ca or BCE.ca.
Bell supports the social and economic prosperity of our
communities with a commitment to the highest environmental, social
and governance (ESG) standards. We measure our progress in
increasing environmental sustainability, achieving a diverse and
inclusive workplace, leading data governance and protection, and
building stronger and healthier communities. This includes
confronting the challenge of mental illness with the Bell Let's
Talk initiative, which drives mental health awareness and action
with programs like the annual Bell Let's Talk Day and Bell funding
for community care, research and workplace programs nationwide all
year round.
Media inquiries:
Marie-Eve Francoeur
514-391-5263
marie-eve.francoeur@bell.ca
Investor inquiries:
Investor Relations
1-800-339-6353
investor.relations@bell.ca
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SOURCE Bell Canada