MONTRÉAL, Sept. 19,
2023 /PRNewswire/ - BCE Inc. (TSX: BCE) (NYSE: BCE)
today announced that none of its fixed-rate Cumulative Redeemable
First Preferred Shares, Series AQ (Series AQ Preferred Shares) will
be converted into floating-rate Cumulative Redeemable First
Preferred Shares, Series AR (Series AR Preferred Shares) on
October 3, 2023.
On August 31, 2023, notice was
provided that holders of Series AQ Preferred Shares could elect to
convert their shares into Series AR Preferred Shares subject to the
terms and conditions attached to those shares. Only 44,620 of BCE's
8,561,800 Series AQ Preferred Shares were tendered for
conversion on October 3, 2023 into
Series AR Preferred Shares. As this would result in there being
less than one million Series AR Preferred Shares outstanding, no
Series AQ Preferred Shares will be converted on October 3, 2023 into Series AR Preferred Shares,
as per the terms and conditions attached to those shares.
The Series AQ Preferred Shares will continue to be listed on the
Toronto Stock Exchange under the symbol BCE.PR.Q. The Series AQ
Preferred Shares will pay on a quarterly basis, for the five-year
period beginning on September 30,
2023, as and when declared by the Board of Directors of BCE,
a fixed quarterly cash dividend based on an annual dividend rate of
6.538%.
About BCE
BCE is Canada's largest
communications company,1 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.
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1 Based on
total revenue and total combined customer connections.
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Media inquiries:
Ellen Murphy
media@bell.ca
Investor inquiries:
Thane Fotopoulos
514-870-4619
thane.fotopoulos@bell.ca
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SOURCE BCE Inc.
