MONTRÉAL, Oct. 19, 2021
/PRNewswire/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced
that 9,593 of its 4,486,552 fixed-rate Cumulative Redeemable First
Preferred Shares, Series T ("Series T Preferred Shares") have been
tendered for conversion on November 1,
2021, on a one-for-one basis, into floating-rate Cumulative
Redeemable First Preferred Shares, Series S ("Series S Preferred
Shares"). In addition, 1,393,174 of its 3,511,848 Series S
Preferred Shares have been tendered for conversion on November 1, 2021, on a one-for-one basis, into
Series T Preferred Shares. Consequently, on November 1, 2021, BCE will have 5,870,133 Series
T Preferred Shares and 2,128,267 Series S Preferred Shares issued
and outstanding. The Series T Preferred Shares and the Series S
Preferred Shares will continue to be listed on the Toronto Stock
Exchange under the symbols BCE.PR.T and BCE.PR.S, respectively.
The Series T Preferred Shares will pay on a quarterly basis, for
the five-year period beginning on November
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 4.990%.
The Series S Preferred Shares will continue to pay a monthly
floating adjustable cash dividend for the five-year period
beginning on November 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 S
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