MONTREAL, Jan. 19, 2015 /CNW Telbec/ - BCE Inc. (TSX, NYSE: BCE) today
announced that 7,904,105 of its 14,577,100 fixed-rate Cumulative
Redeemable First Preferred Shares, Series AF ("Series AF Preferred
Shares") have been tendered for conversion on February 1, 2015, on a
one-for-one basis, into floating-rate Cumulative Redeemable First
Preferred Shares, Series AE ("Series AE Preferred Shares"). In
addition, 34,872 of its 1,422,900 Series AE Preferred Shares have been
tendered for conversion on February 1, 2015, on a one-for-one basis,
into Series AF Preferred Shares. Consequently, on February 1, 2015, BCE
will have 6,707,867 Series AF Preferred Shares and 9,292,133 Series AE
Preferred Shares issued and outstanding. The Series AF Preferred Shares
and the Series AE Preferred Shares will continue to be listed on the
Toronto Stock Exchange under the symbols BCE.PR.F and BCE.PR.E,
respectively.
The Series AF Preferred Shares will pay on a quarterly basis, for the
five-year period beginning on February 1, 2015, as and when declared by
the Board of Directors of BCE, a fixed cash dividend based on an annual
dividend rate of 3.110%.
The Series AE Preferred Shares will continue to pay a monthly floating
adjustable cash dividend for the five-year period beginning on February
1, 2015, 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 AE
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 Canada and Bell
Aliant brands. Bell Media is Canada's premier multimedia company with
leading assets in television, radio, out of home and digital media,
including CTV, Canada's #1 television network, and the country's
most-watched specialty channels. To learn more, please visit BCE.ca.
The Bell Let's Talk initiative promotes Canadian mental health with
national awareness and anti-stigma campaigns, like Clara's Big Ride for
Bell Let's Talk and Bell Let's Talk Day, and significant Bell funding
of community care and access, research, and workplace initiatives. Bell
Let's Talk Day 2015 is on January 28. To learn more, please visit Bell.ca/LetsTalk.
SOURCE BCE Inc.
