MONTRÉAL, Feb. 19, 2018 /CNW
Telbec/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that
397,181 of its 5,069,935 fixed-rate Cumulative Redeemable First
Preferred Shares, Series AC ("Series AC Preferred Shares") have
been tendered for conversion on March 1,
2018, on a one-for-one basis, into floating-rate Cumulative
Redeemable First Preferred Shares, Series AD ("Series AD Preferred
Shares"). In addition, 5,356,937 of its 14,930,065 Series AD
Preferred Shares have been tendered for conversion on March 1, 2018, on a one-for-one basis, into
Series AC Preferred Shares. Consequently, on March 1, 2018, BCE will have 10,029,691 Series AC
Preferred Shares and 9,970,309 Series AD Preferred Shares issued
and outstanding. The Series AC Preferred Shares and the Series AD
Preferred Shares will continue to be listed on the Toronto Stock
Exchange under the symbols BCE.PR.C and BCE.PR.D, respectively.
The Series AC Preferred Shares will pay on a quarterly basis,
for the 5-year period beginning on March 1,
2018, as and when declared by the Board of Directors of BCE,
a fixed cash dividend based on an annual fixed dividend rate of
4.38%.
The Series AD Preferred Shares will continue to pay a monthly
floating adjustable cash dividend for the 5-year period beginning
on March 1, 2018, 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 AD
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 broadband wireless, TV, Internet and
business communication services throughout the country. 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 Bell.ca or 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 provides 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:
Thane Fotopoulos
514-870-4619
thane.fotopoulos@bell.ca
SOURCE Bell Canada