Shareholder Dividend Reinvestment and Stock Purchase Plan (the Plan)
- Notice to participants - Amendments to the Plan (PDF 171 Ko - Feb. 1st, 2012)
- Download the 2012 offering circular (Canadian and non U.S. residents) (PDF 579 KB - Feb. 1st, 2012)
- Download the 2012 prospectus (U.S. residents) (PDF 571 KB - Feb. 1st, 2012)
Quarterly average share prices since implementation
- Download the DRP average price PDF file (PDF 231 KB - Feb. 11, 2014)
For more information on how to enrol in the Plan or any other inquiries, contact the Agent of the Plan:
CST Trust Company
P.O. Box 700 Station B
Montreal (Quebec) H3B 3K3
Tel.: 1 800 561-0934 (Toll free in Canada and the U.S.)
Fax.: 1 888 249-6189 (Toll free in Canada and the U.S.)
- Convenience of having cash dividends automatically reinvested into common shares instead of receiving cash payments
- Ability to purchase common shares without having to pay brokerage commissions, fees or service charges
- Full reinvestment of cash dividends, as the Plan allows fractions of common shares and cash dividends on those fractions to be included in your account
- One can make Optional Cash Payments in cash or in dividends on BCE preferred shares held. Optional Cash Payments can be made without reinvesting cash dividends on common shares
- Convenient tracking of your Plan Shares with quarterly statements of account
- Ability to withdraw and/or sell any number of Plan Shares at any time for a reasonable administrative cost without terminating your participation in the Plan
- Ability to terminate your participation in the Plan or stop all investment with respect to an Investment Period at any time without penalty
Any registered holder of BCE common shares may participate in the Plan. You are a registered shareholder if you hold one or more share certificates that indicates the number of shares you hold in the company.
Beneficial owners of common shares (shareholders who hold their shares through a financial institution, broker or other intermediary) should consult with the intermediary to determine how to participate in the Plan. There may be a fee charged by the intermediary for beneficial non-registered shareholders to become registered shareholders, which will not be paid by BCE or by the Agent.
Download the Offering Circular (Canadian and non U.S. Residents) (PDF 165 KB - Feb 1st, 2012)
Download the Prospectus (U.S. Residents) (PDF 156 KB - Feb 1st 2012)
You must be enrolled in the Plan in order to be eligible to make additional cash contributions or Optional Cash Payments. You can make Optional Cash Payments in cash or in dividends on BCE preferred shares that you hold. You may make Optional Cash Payments without reinvesting cash dividends on common shares.
To make an Optional Cash Payment in cash, fill in the Optional Cash Payment form and send it to the Agent together with a cheque payable to the Agent. You can also send your cheque with a short note indicating your account and SIN or TIN numbers and the name of the company you want to invest in, BCE. No third party cheques are accepted.
To make an Optional Cash Payment in dividends on BCE preferred shares, fill in the applicable authorization form (enrolment form) and send it to the Agent.
Optional Cash Payments can vary month to month and there is no obligation to make continuing cash payments. Payments in cash must not exceed $20,000 per 12-month period ending on the last Business Day preceding the Investment Period in October each year. Optional Cash Payments in the form of dividends on BCE preferred shares are subject to a separate limit of $20,000 for each 12-month period ending on the last Business Day preceding the Investment Period in October of each year.
The Agent is required under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) to collect and record certain information relating to Optional Cash Payments. Participants wishing to make Optional Cash Payments will be required to complete a participant declaration form and to comply with the Agent’s requirements in this respect.
Plan participants can send as many payments as they wish by cheque, up to a maximum of $20,000 within a twelve month period.
Cheques must be dated and received by the Agent at least five Business Days preceding an Investment Period in order for such payments to be accepted for investment during that month's Investment Period. Any cheques dated or received on or after such date will be held by the Agent for investment during the next Investment Period. Here are important dates to remember for Optional Cash Payments:
Cash contribution cheques to be received no later than:
|Investment date||Deadline to receive Optional Cash Payments|
|January 15, 2014*||January 8, 2014|
|February 16, 2014||February 10, 2014|
|March 16, 2014||March 10, 2014|
|April 15, 2014*||April 8, 2014|
|May 16, 2014||May 9, 2014|
|June 16, 2014||June 9, 2014|
|July 15, 2014*||July 8, 2014|
|August 16, 2014||August 11, 2014|
|September 16, 2014||September 9, 2014|
|October 15, 2014*||October 8, 2014|
|November 16, 2014||November 10, 2014|
|December 16, 2014||December 9, 2014|
* Dividends are subject to confirmation by the board of directors of BCE Inc.
A participant may withdraw or sell whole common shares from his or her account under the Plan by completing the request to withdraw or sell shares form, enclosed with each quarterly statement of account and mailing it to the Agent, or by providing similar written notice to the Agent.
Upon receipt of a request for withdrawal of shares, the Agent will withdraw the specified number of whole shares from the participant’s account and issue a share certificate to the participant, normally within three weeks from the receipt of the request.
Upon receipt of a request for sale of shares, the Agent will sell the specified number of whole shares on behalf of the participant, generally within one Business Day from the receipt of the request. The Agent will pay the proceeds of such sale, less brokerage commissions and transfer taxes, if any, to the participant by cheque. Cheques will normally be issued within three Business Days from the completion of the sale.
The purchase price for shares acquired under the Plan will depend on whether the Agent buys the shares through a Market Purchase or a Treasury Purchase:
(a) in the case of a Market Purchase, the price will be the average of the actual cost (without any brokerage commissions, fees and service charges) per common share incurred by the Agent for all common shares acquired for the purposes of the Plan during an Investment Period;
(b) in the case of a Treasury Purchase, the price will be the weighted average price of all board lot trades of BCE common shares on the Toronto Stock Exchange during the three trading days immediately preceding the Investment Period.
Currently, shares are purchased on the market.
Purchase prices are indicated on quarterly statements. The details on those statements will be required to determine the average price of shares acquired under the Plan and therefore should be kept safely for income tax purposes.
A participant may terminate his or her participation in the Plan at any time by completing the termination request enclosed with each quarterly statement of account and sending it to the Agent or by providing similar written notice to the Agent.
If a termination request is received by the Agent after the fifth day of a month in which there is a Dividend Record Date (March, June, September and December of each year), the participant’s account will not be closed until after the Investment Period corresponding to the relevant common share dividend payment, a delay of up to six weeks.
Upon termination of participation in the Plan, a participant may request the Agent to either:
- issue a certificate for all the whole shares and a cheque payment for any fraction of a common share and/or uninvested Optional Cash Payment
- sell all or a portion of the common shares held by the Agent for the participant’s account and issue a certificate for the remaining whole share
Under normal circumstances, shares can only be purchased and sold through brokerage firms (brokers). Hence, registered shareholders, holders of share certificates, will present their certificates to a broker if they wish to sell their shares. To purchase additional shares, any shareholders or individuals will present their purchase requests to the broker of their choice.
However, registered shareholders enrolled in BCE's Shareholder Dividend Reinvestment and Stock Purchase Plan (the Plan), can purchase shares through the Plan without commissions. Participants can also sell the shares within the Plan at preferred rates of commission.
For more information on how to enroll, to purchase or sell shares through the Plan, contact the Agent.