MONTRÉAL, Dec. 17, 2021
/PRNewswire/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that
501,717 of its 22,735,621 fixed-rate Cumulative
Redeemable First Preferred Shares, Series AK ("Series AK Preferred
Shares") have been tendered for conversion on December 31, 2021, on a one-for-one basis, into
floating-rate Cumulative Redeemable First Preferred Shares, Series
AL ("Series AL Preferred Shares"). In addition,
956,408 of its 2,254,079 Series AL Preferred
Shares have been tendered for conversion on December 31, 2021, on a one-for-one basis, into
Series AK Preferred Shares. Consequently, on December 31, 2021, BCE will have 23,190,312
Series AK Preferred Shares and 1,799,388 Series AL
Preferred Shares issued and outstanding. The Series AK Preferred
Shares and the Series AL Preferred Shares will continue to be
listed on the Toronto Stock Exchange under the symbols BCE.PR.AK
and BCE.PR.AL, respectively.
The Series AK Preferred Shares will pay on a quarterly basis,
for the five-year period beginning on December 31, 2021, as and when declared by the
Board of Directors of BCE, a fixed cash dividend based on an annual
fixed dividend rate of 3.306%.
The Series AL Preferred Shares will continue to pay, for each
quarterly period, as and when declared by the Board of Directors of
BCE, a quarterly floating cash dividend based on the T-Bill Rate
for such quarterly period plus 1.88%, calculated in accordance with
the articles of BCE. The floating dividend rate applicable to the
Series AL Preferred Shares for the quarterly period beginning on
December 31, 2021 is 0.49537% (annual
rate of 2.009% based on a T-Bill Rate of 0.129%).
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 BCE Inc.