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Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 849,255,453
Close 2015-11-17 C$ 57.44
Market Cap C$ 48,781,233,220
Recent Sedar Documents

BCE's Series R holders not converting shares

2015-11-18 00:53 ET - News Release

Mr. Jean Robillard reports

BCE REPORTS RESULTS OF CONVERSION OF ITS SERIES R PREFERRED SHARES INTO SERIES Q PREFERRED SHARES

None of BCE Inc.'s fixed-rate cumulative redeemable first preferred shares, Series R, will be converted into floating-rate cumulative redeemable first preferred shares, Series Q, on Dec. 1, 2015.

On Oct. 15, 2015, BCE notified holders of Series R preferred shares that they could elect to convert their shares into Series Q preferred shares subject to the terms and conditions attached to those shares. Only 157,586 of BCE's eight million Series R preferred shares were tendered for conversion on Dec. 1, 2015, into Series Q preferred shares. As this would result in there being less than one million Series Q preferred shares outstanding, no Series R preferred shares will, as per the terms and conditions attached to those shares, be converted on Dec. 1, 2015, into Series Q preferred shares. Shareholders who had elected to convert their Series R preferred shares will be receiving, by Dec. 1, 2015, share certificates representing the number of Series R preferred shares tendered for conversion.

The Series R preferred shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.R. The Series R preferred shares will pay on a quarterly basis, for the five-year period beginning on Dec. 1, 2015, as and when declared by the board of directors of BCE, a fixed cash dividend based on an annual dividend rate of 4.130 per cent.

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