BCE announces conversion results of series AC, AD preferred shares

Chicago, Feb. 21 – BCE Inc. announced the results of its opportunity for conversion of its series AC and AD preferred shares, according to a press release.

Shareholders of 3,635,351 of the 9,999,9991 series AC cumulative redeemable first preferred shares tendered their shares for conversion on March 1 on a one-to-one basis into series AD floating-rate cumulative redeemable first preferred shares.

Shareholders of the series AD preferred shares opted to convert 351,634 of the 9,864,509 shares into series AC preferred shares on a one-to-one basis.

Starting March 1, the series AC preferred shares will pay quarterly dividends of 5.08%.

The series AD shares will have a dividend tied to a floating rate.

The series AC and series AD preferreds will continue to be listed on the Toronto Stock Exchange under the symbols “BCEPrC” and “BCEPrD,” respectively.

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