MONTREAL, July 23,
2021 /CNW Telbec/ - BCE Inc. (TSX: BCE) (NYSE: BCE)
today announced that 12,985 of its 5,949,884 fixed-rate
Cumulative Redeemable First Preferred Shares, Series AI
("Series AI Preferred Shares") have been tendered for conversion on
August 1, 2021, on a one-for-one
basis, into floating-rate Cumulative Redeemable First Preferred
Shares, Series AJ ("Series AJ Preferred Shares"). In addition,
3,598,141 of its 8,050,116 Series AJ Preferred Shares have
been tendered for conversion on August 1,
2021, on a one-for-one basis, into Series AI Preferred
Shares. Consequently, on August 1,
2021, BCE will have 9,535,040 Series AI Preferred Shares and
4,464,960 Series AJ Preferred Shares issued and outstanding. The
Series AI Preferred Shares and the Series AJ Preferred Shares will
continue to be listed on the Toronto Stock Exchange under the
symbols BCE.PR.I and BCE.PR.J, respectively.
The Series AI Preferred Shares will pay on a quarterly basis,
for the five-year period beginning on August
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 3.39%.
The Series AJ Preferred Shares will continue to pay a monthly
floating adjustable cash dividend for the five-year period
beginning on August 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 AJ
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, Internet, TV,
media and business communications services. To learn more, please
visit Bell.ca or BCE.ca.
Through Bell for Better, we are investing to create a better
today and a better tomorrow by supporting the social and economic
prosperity of our communities. This includes the Bell Let's Talk
initiative, which 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 initiatives throughout the country. To learn more, please
visit Bell.ca/LetsTalk.
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