MONTREAL, Feb. 19, 2013 /CNW Telbec/ - BCE Inc. (TSX: BCE) (NYSE: BCE)
today announced that 4,415,295 of its 9,244,555 fixed-rate Cumulative
Redeemable First Preferred Shares, Series AC ("Series AC Preferred
Shares") have been tendered for conversion on March 1, 2013, on a
one-for-one basis, into floating-rate Cumulative Redeemable First
Preferred Shares, Series AD ("Series AD Preferred Shares"). In
addition, 240,675 of its 10,755,445 Series AD Preferred Shares have
been tendered for conversion on March 1, 2013, on a one-for-one basis,
into Series AC Preferred Shares. Consequently, on March 1, 2013, BCE
will have 5,069,935 Series AC Preferred Shares and 14,930,065 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
five-year period beginning on March 1, 2013, as and when declared by
the Board of Directors of BCE, a fixed cash dividend based on an annual
fixed dividend rate of 3.550%.
The Series AD Preferred Shares will continue to pay a monthly floating
adjustable cash dividend for the five-year period beginning on March 1,
2013, 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 a
comprehensive and innovative suite of broadband communication services
to residential and business customers under the Bell and Bell Aliant
brands. Bell Media is Canada's premier multimedia company with leading
assets in television, radio and digital media, including CTV, Canada's
leading television network, and the country's most-watched specialty
channels.
The Bell Mental Health Initiative is a multi-year charitable program
that promotes mental health across Canada via the Bell Let's Talk
anti-stigma campaign and support for community care, research and
workplace best practices. To learn more, please visit Bell.ca/LetsTalk. For BCE corporate information, please visit BCE.ca. For Bell product and service information, please visit Bell.ca. For Bell Media, please visit BellMedia.ca.
SOURCE: Bell Canada
