MONTRÉAL, Oct. 18, 2016 /CNW Telbec/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that
455,302 of its 4,393,775 fixed-rate Cumulative Redeemable First Preferred Shares, Series T ("Series T Preferred Shares") have been
tendered for conversion on November 1, 2016, on a one-for-one basis, into floating-rate Cumulative
Redeemable First Preferred Shares, Series S ("Series S Preferred Shares"). In addition, 548,079 of its 3,606,225 Series S Preferred
Shares have been tendered for conversion on November 1, 2016, on a one-for-one basis, into Series T
Preferred Shares. Consequently, on November 1, 2016, BCE will have 4,486,552 Series T Preferred
Shares and 3,513,448 Series S Preferred Shares issued and outstanding. The Series T Preferred Shares and the Series S Preferred
Shares will continue to be listed on the Toronto Stock Exchange under the symbols BCE.PR.T and BCE.PR.S, respectively.
The Series T Preferred Shares will pay on a quarterly basis, for the five-year period beginning on November 1, 2016, as and when declared by the Board of Directors of BCE, a fixed cash dividend based on an annual
fixed dividend rate of 3.019%.
The Series S Preferred Shares will continue to pay a monthly floating adjustable cash dividend for the five-year period
beginning on November 1, 2016, 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 S Preferred Shares in the preceding month) and the Designated Percentage for the preceding month.
About BCE
Canada's largest communications company, BCE provides broadband wireless, TV, Internet and business communication
services from Bell Canada and Bell Aliant. 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 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 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
