Corporate ActionJul 23, 2026, 12:56 PM
BCE Announces Preferred Share Conversions and New Fixed Dividend Rate
AI Summary
BCE Inc. announced the results of its Series AI and AJ preferred share conversions. All floating-rate Series AJ Preferred Shares will convert to fixed-rate Series AI Preferred Shares on August 4, 2026, including those not tendered for conversion due to a minimum outstanding threshold not being met. The Series AI Preferred Shares will pay a fixed cash dividend at an annual rate of 5.10% for the five-year period starting August 4, 2026.
Key Highlights
- All floating-rate Series AJ Preferred Shares will convert to fixed-rate Series AI Preferred Shares on August 4, 2026.
- 1,875 Series AI Preferred Shares were tendered for conversion into Series AJ Preferred Shares.
- 1,976,448 Series AJ Preferred Shares were tendered for conversion into Series AI Preferred Shares.
- Remaining Series AJ Preferred Shares will automatically convert to Series AI Preferred Shares due to minimum threshold not met.
- Series AI Preferred Shares will pay a fixed cash dividend based on an annual rate of 5.10% for five years.
- Series AI Preferred Shares will continue to be listed on the TSX under the symbol BCE.PR.I.
Price Impact
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