MONTRÉAL, March 16, 2017 /CNW
Telbec/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that
none of its fixed-rate Cumulative Redeemable First Preferred
Shares, Series AO (Series AO Preferred Shares) will be converted
into floating-rate Cumulative Redeemable First Preferred Shares,
Series AP (Series AP Preferred Shares) on March 31, 2017.
On March 1, 2017, BCE notified
holders of Series AO Preferred Shares that they could elect to
convert their shares into Series AP Preferred Shares subject to the
terms and conditions attached to those shares. Only 104,631 of
BCE's 4,600,000 Series AO Preferred Shares were tendered for
conversion on March 31, 2017 into
Series AP Preferred Shares. As this would result in there being
less than one million Series AP Preferred Shares outstanding, no
Series AO Preferred Shares will, as per the terms and conditions
attached to those shares, be converted on March 31, 2017 into Series AP Preferred
Shares.
The Series AO Preferred Shares will continue to be listed on the
Toronto Stock Exchange under the symbol BCE.PR.O. The Series AO
Preferred Shares will pay on a quarterly basis, for the 5-year
period beginning on March 31, 2017,
as and when declared by the Board of Directors of BCE, a fixed
quarterly cash dividend based on an annual dividend rate of
4.260%.
About BCE
Canada's largest communications company, BCE
provides broadband wireless, TV, Internet and business
communication services from Bell
Canada and Bell Aliant. Bell Media is Canada's premier
multimedia company with leading assets in television, radio, out of
home and digital media. To learn more, please visit 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 initiatives. To learn more, please visit
Bell.ca/LetsTalk.
Media inquiries:
Jean Charles Robillard
514-870-4739
jean_charles.robillard@bell.ca
Investor inquiries:
Richard Bengian
514-786-8219
richard.bengian@bell.ca
SOURCE Bell Canada