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Preferred shares

BCE preferred shares are trading on the TSX only

First Preferred, Series Q/R Top

QR

Ticker symbol

Cusip

Shares outstanding

 N/A

BCE.PR.R

05534B703

8,000,000
Annual dividend Floating 4.130%
Dividend payment dates the 12th day of every month The 1st day of March, June, Sept. and Dec.
Dividend terms Starting December 1, 2020, series Q shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares Until December 1, 2020, series R shareholders are entitled to receive quarterly cash dividends of 4.130% per annum computed in accordance with the terms and conditions attached to such shares
Redemption price $25.50 $25.00
Redemption terms BCE may redeem the series Q shares at any time for $25.50 per share BCE may redeem the series R shares on Dec. 1, 2020, and every five years thereafter for $25.00 per share
Convertible into First Preferred, Series R First Preferred, Series Q
Conversion date December 1, 2020 December 1, 2020
Conversion terms Holders of series Q shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2020 and on December 1 every five years thereafter, their shares into an equal number of series R shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of Series R shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2020 and on December 1 every five years thereafter, their shares into an equal number of series Q shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Following the close of business on last day for tendering the shares for conversion by holders of series Q and series R shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series Q shares, such remaining number of series Q shares shall automatically be converted into an equal number of series R shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series R shares, then no series Q shares shall be converted into series R shares Following the close of business on last day for tendering the shares for conversion by holders of series R and series Q shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series R shares, such remaining number of series R shares shall automatically be converted into an equal number of series Q shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series Q shares, then no series R shares shall be converted into series Q shares
See Credit ratings

First Preferred, Series S/T Top

ST

Ticker symbol

Cusip

Outstanding shares

BCE.PR.S

05534B869

3,513,448

BCE.PR.T

05534B810

4,486,552
Annual dividend Floating 3.019% per annum
Dividend payment dates The 12th day of every month The 1st day of Feb., May, Aug. and Nov.
Dividend terms Until November 1, 2021, Series S shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares Until November 1, 2021, Series T shareholders are entitled to receive fixed quarterly cash dividends computed in accordance with the terms and conditions attached to such shares
Redemption price $25.50 $25.00
Redemption terms BCE may redeem the series S shares at any time for $25.50 per share BCE may redeem the series T shares on November 1, 2021, and every five years thereafter for $25.00 per share
Convertible into First Preferred, Series T First Preferred, Series S
Conversion date November 1, 2021 November 1, 2021
Conversion terms Holders of series S shares will, subject to the automatic conversion provisions, have the right to convert, on November 1, 2021 and on November 1 every five years thereafter, their shares into an equal number of series T shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series T shares will, subject to the automatic conversion provisions, have the right to convert, on November 1, 2021 and on November 1 every five years thereafter, their shares into an equal number of series S shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Following the close of business on last day for tendering the shares for conversion by holders of series S and series T shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series S shares, such remaining number of series S shares shall automatically be converted into an equal number of series T shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series T shares, then no series S shares shall be converted into series T shares Following the close of business on last day for tendering the shares for conversion by holders of series T and series S shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series T shares, such remaining number of series T shares shall automatically be converted into an equal number of series S shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series S shares, then no series T shares shall be converted into series S shares
See Credit ratings

First Preferred, Series Y/Z Top

YZ

Ticker symbol

Cusip

Shares outstanding

BCE.PR.Y

05534B851

8,081,491

BCE.PR.Z

05534B828

1,918,509
Annual dividend Floating 3.904% per annum
Dividend payment dates The 12th day of every month The 1st day of March, June, Sept. and Dec.
Dividend terms Until December 1, 2022, series Y shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares Until December 1, 2022, series Z shareholders are entitled to receive quarterly cash dividends of 3.904% per annum computed in accordance with the terms and conditions attached to such shares
Redemption price $25.50 $25.00
Redemption terms BCE may redeem the series Y shares at any time for $25.50 per share BCE may redeem the series Z shares on December 1, 2022, and every five years thereafter for $25.00 per share
Convertible into First Preferred, Series Z First Preferred, Series Y
Conversion date December 1, 2022 December 1, 2022
Conversion terms Holders of series Y shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2022 and on December 1 every five years thereafter, their shares into an equal number of series Z shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series Z shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2022 and on December 1 every five years thereafter, their shares into an equal number of series Y shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Following the close of business on last day for tendering the shares for conversion by holders of series Y and series Z shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series Y shares, such remaining number of series Y shares shall automatically be converted into an equal number of series Z shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series Z shares, then no series Y shares shall be converted into series Z shares Following the close of business on last day for tendering the shares for conversion by holders of series Z and series Y shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series Z shares, such remaining number of series Z shares shall automatically be converted into an equal number of series Y shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series Y shares, then no series Z shares shall be converted into series Y shares
See Credit ratings

First Preferred, Series AA/AB Top

AAAB

Ticker symbol

Cusip

Shares outstanding

BCE.PR.A

05534B794

11,398,396

BCE.PR.B

05534B695

8,601,604
Annual dividend 3.61% per annum Floating
Dividend payment dates The 1st day of March, June, Sept. and Dec. The 12th day of every month
Dividend terms Until September 1, 2022, series AA shareholders are entitled to receive quarterly cash dividends of 3.61% per annum computed in accordance with the terms and conditions attached to such shares Until September 1, 2022, series AB shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares
Redemption price $25.00 $25.50
Redemption terms BCE may redeem the series AA shares on September 1, 2022, and on September 1 every five years thereafter for $25.00 per share BCE may redeem the series AB shares at any time for $25.50 per share
Convertible into First Preferred, Series AB First Preferred, Series AA
Conversion date September 1, 2022 September 1, 2022
Conversion terms Holders of series AA shares will, subject to the automatic conversion provisions, have the right to convert, on September 1, 2022 and on September 1 every five years thereafter, their shares into an equal number of series AB shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AB shares will, subject to the automatic conversion provisions, have the right to convert, on September 1, 2022 and on September 1 every five years thereafter, their shares into an equal number of series AA shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Following the close of business on last day for tendering the shares for conversion by holders of series AA and series AB shares, if BCE determines that there would be outstanding on a conversion date less than 2,500,000 series AA shares, such remaining number of series AA shares shall automatically be converted into an equal number of series AB shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,500,000 series AB shares, then no series AA shares shall be converted into series AB shares Following the close of business on last day for tendering the shares for conversion by holders of series AB and series AA shares, if BCE determines that there would be outstanding on a conversion date less than 2,500,000 series AB shares, such remaining number of series AB shares shall automatically be converted into an equal number of series AA shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,500,000 series AA shares then, no series AB shares shall be converted into series AA shares
See Credit ratings

First Preferred, Series AC/AD Top

ACAD

Ticker symbol

Cusip

Shares outstanding

BCE.PR.C

05534B786

10,029,691

BCE.PR.D

05534B687

9,970,309
Annual dividend 4.38% per annum Floating
Dividend payment dates The 1st day of March, June, Sept. and Dec. The 12th day of every month
Dividend terms Until March 1, 2023, series AC shareholders are entitled to receive quarterly cash dividends of 4.38% per annum computed in accordance with the terms and conditions attached to such shares Until March 1, 2023, series AD shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares
Redemption price $25.00 $25.50
Redemption terms BCE may redeem the series AC shares on March 1, 2023, and on March 1 every five years thereafter for $25.00 per share BCE may redeem the series AD shares at any time for $25.50 per share
Convertible into First Preferred, Series AD First Preferred, Series AC
Conversion date March 1, 2023 March 1, 2023
Conversion terms Holders of series AC shares will, subject to the automatic conversion provisions, have the right to convert, on March 1, 2023 and on March 1 every five years thereafter, their shares into an equal number of series AD shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AD shares will, subject to the automatic conversion provisions, have the right to convert, on March1, 2023 and on March 1 every five years thereafter, their shares into an equal number of series AC shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Following the close of business on last day for tendering the shares for conversion by holders of series AC and series AD shares, if BCE determines that there would be outstanding on a conversion date less than 2,500,000 series AC shares, such remaining number of series AC shares shall automatically be converted into an equal number of series AD shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,500,000 series AD shares, then no series AC shares shall be converted into series AD shares Following the close of business on last day for tendering the shares for conversion by holders of series AD and series AC shares, if BCE determines that there would be outstanding on a conversion date less than 2,500,000 series AD shares, such remaining number of series AD shares shall automatically be converted into an equal number of series AC shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,500,000 series AC shares, then no series AD shares shall be converted into series AC shares
See Credit ratings

First Preferred, Series AE/AF Top

AEAF

Ticker symbol

Cusip

Shares outstanding

BCE.PR.E

05534B752

9,292,133

BCE.PR.F

05534B745

6,707,867
Former symbol BC.PR.A (formerly Bell Canada - Series 15) BC.PR.D (formerly Bell Canada - Series 16)
Annual dividend Floating 3.11% per annum
Dividend payment dates The 12th day of every month The 1st day of Feb., May, August and Nov.
Dividend terms Until February 1, 2020, series AE shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares Until February 1, 2020, series AF shareholders are entitled to receive quarterly cash dividends of 3.11% per annum computed in accordance with the terms and conditions attached to such shares
Redemption price $25.50 $25.00
Redemption terms BCE may redeem the series AE shares at any time for $25.50 per share BCE may redeem the series AF shares on February 1, 2020, or on February 1 every five years thereafter for $25.00 per share
Convertible into First Preferred Shares, Series AF First Preferred Shares, Series AE
Conversion date February 1, 2020 February 1, 2020
Conversion terms Holders of series AE shares will, subject to the automatic conversion provisions, have the right to convert, on February 1, 2020 and every five years thereafter, their shares into an equal number of series AF shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AF shares will, subject to the automatic conversion provisions, have the right to convert, on February 1, 2020 and on February 1 every five years thereafter, their shares into an equal number of series AE shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Following the close of business on last day for tendering the shares for conversion by holders of series AE and series AF shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series AE shares, such remaining number of series AE shares shall automatically be converted into an equal number of series AF shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series AF shares, then no series AE shares shall be converted into series AF shares Following the close of business on last day for tendering the shares for conversion by holders of series AE and series AF shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series AF shares, such remaining number of series AF shares shall automatically be converted into an equal number of series AE shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series AE shares, then no series AF shares shall be converted into series AE shares
See Credit ratings

First Preferred, Series AG/AH Top

AGAH

Ticker symbol

Cusip

Shares outstanding

BCE.PR.G

05534B737

4,985,351

BCE.PR.H

05534B729

9,014,649
Former symbol BC.PR.B (formerly Bell Canada - Series 17) BC.PR.E (formerly Bell Canada - Series 18)
Annual dividend 2.80% per annum Floating
Dividend payment dates The 1st day of Feb., May, August and Nov. The 12th day of every month
Dividend terms Until May 1, 2021, series AG shareholders are entitled to receive quarterly cash dividends of 2.80% per annum computed in accordance with the terms and conditions attached to such shares Until May 1, 2021, series AH shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares
Redemption price $25.00 $25.50
Redemption terms BCE may redeem the series AG shares on May 1, 2021 or on May 1 in every fifth year thereafter for $25.00 per share BCE may redeem the series AH shares at any time for $25.50 per share
Convertible into First Preferred Shares, Series AH First Preferred Shares, Series AG
Conversion date May 1, 2021 May 1, 2021
Conversion terms Holders of series AG shares will, subject to the automatic conversion provisions, have the right to convert, on May 1, 2021 and on May 1 every five years thereafter, their shares into an equal number of series AH shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AH shares will, subject to the automatic conversion provisions, have the right to convert, on May 1, 2021 and on May 1 every five years thereafter, their shares into an equal number of series AG shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Following the close of business on last day for tendering the shares for conversion by holders of series AG and series AH shares, if BCE determines that there would be outstanding on a conversion date less than 2,000,000 series AG shares, such remaining number of series AG shares shall automatically be converted into an equal number of series AH shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,000,000 series AH shares, then no series AG shares shall be converted into series AH shares Following the close of business on last day for tendering the shares for conversion by holders of series AH and series AG shares, if BCE determines that there would be outstanding on a conversion date less than 2,000,000 series AH shares, such remaining number of series AH shares shall automatically be converted into an equal number of series AG shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,000,000 series AG shares, then no series AH shares shall be converted into series AG shares
See Credit ratings

First Preferred, Series AI/AJ Top

AIAJ

Ticker symbol

Cusip

Shares outstanding

BCE.PR.I

05534B711

5,949,884

BCE.PR.J

05534B653

8,050,116
Former symbol BC.PR.C (formerly Bell Canada - Series 19) N/A
Annual dividend 2.75% per annum Floating
Dividend payment dates The 1st day of Feb., May, August and Nov. The 12th day of every month
Dividend terms Until August 1, 2021, series AI shareholders are entitled to receive quarterly cash dividends of 2.75% per annum computed in accordance with the terms and conditions attached to such shares Until August 1, 2021, series AJ shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares
Redemption price $25.00 $25.50
Redemption terms BCE may redeem the series AI shares on August 1, 2021 or on August 1 every five years thereafter for $25.00 per share BCE Inc. may redeem the series AJ shares at any time for $25.50 per share
Convertible into First Preferred Shares, Series AJ First Preferred Shares, Series AI
Conversion date August 1, 2021 August 1, 2021
Conversion terms Holders of series AI shares will, subject to the automatic conversion provisions, have the right to convert, on August 1, 2021 and on August 1 every five years thereafter, their shares into an equal number of series AJ shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AJ shares will, subject to the automatic conversion provisions, have the right to convert, on August 1, 2021 and on August 1 every five years thereafter, their shares into an equal number of series AI shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Following the close of business on last day for tendering the shares for conversion by holders of series AI and series AJ shares, if BCE determines that there would be outstanding on a conversion date less than 2,000,000 series AI shares, such remaining number of series AI shares shall automatically be converted into an equal number of series AJ shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,000,000 series AJ shares, then no series AI shares shall be converted into series AJ shares Following the close of business on last day for tendering the shares for conversion by holders of series AJ and series AI shares, if BCE determines that there would be outstanding on a conversion date less than 2,000,000 series AJ shares, such remaining number of series AJ shares shall automatically be converted into an equal number of series AI shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,000,000 series AI shares, then no series AJ shares shall be converted into series AI shares
See Credit ratings

First Preferred, Series AK/AL Top

AKAL

Ticker symbol

Cusip

Shares outstanding

BCE.PR.K

05534B679

22,745,921

BCE.PR.L

05534B661

2,254,079
Annual dividend 2.954% per annum Floating
Dividend payment dates The last day of March, June, Sept. and Dec. The last day of March, June, Sept. and Dec.
Dividend terms Until December 30, 2021, Series AK shareholders are entitled to receive quarterly cash dividends of 2.954% per annum computed in accordance with the terms and conditions attached to such shares. Until December 30, 2021, Series AL shareholders will be entitled to receive quarterly floating rate cumulative preferential cash dividends, computed in accordance with the terms and conditions attached to such shares.
Redemption price $25.00 $25.00 on conversion date or $25.50 on any other date
Redemption terms BCE may redeem the series AK shares on December 31, 2021 and on December 31 every five years thereafter for $25.00 per share BCE may redeem the series AL shares at any time for $25.50 per share
Convertible into First Preferred Shares, Series AL First Preferred Shares, Series AK
Conversion date December 31, 2021 December 31, 2021
Conversion terms Holders of series AK shares will, subject to the automatic conversion provisions, have the right to convert, on December 31, 2021 and on December 31 every five years thereafter, their shares into an equal number of series AL shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AL shares will, subject to the automatic conversion provisions, have the right to convert, on December 31, 2021 and on December 31 every five years thereafter, their shares into an equal number of series AK shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion If the BCE determines that there would remain outstanding on a conversion date fewer than 1,000,000 series AK shares, after having taken into account all election notices, such remaining number of series AK shares shall automatically be converted into an equal number of series AL shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series AL shares, then no series AK shares shall be converted into series AL shares If BCE determines that there would remain outstanding on a conversion date fewer than 1,000,000 series AL shares, after having taken into account all election notices, such remaining number of series AL shares shall automatically be converted into an equal number of series AK shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series AK shares, then no series AL shares shall be converted into series AK shares
See Credit ratings

First Preferred, Series AM/AN Top

AMAN

Ticker symbol

Cusip

Shares outstanding

BCE.PR.M (formerly BAF.PR.A)

05534B646

9,546,615

BCE.PR.N

05534B638

1,953,385
Annual dividend 2.764% Floating
Dividend payment dates The last day of March, June, Sept. and Dec. The last day of March, June, Sept. and Dec.
Dividend terms Until March 31, 2021, series AM shareholders are entitled to receive quarterly cash dividend of 2.764% per annum computed in accordance with the terms and conditions attached to such shares Until March 31, 2021, series AN shareholders are entitled to receive quarterly floating cash dividends, computed in accordance with the terms and conditions attached to such shares
Redemption price $25.00 $25.00
Redemption terms BCE may redeem the series AM on March 31, 2021, and every five years thereafter at $25.00 per share BCE may redeem the series AN on March 31, 2021, and every five years thereafter at $25.00 per share or $25.50 in the case of redemptions on any date which is not a Series AN conversion date after March 31, 2016
Convertible into First Preferred, Series AN First Preferred, Series AM
Conversion date March 31, 2021 March 31, 2021
Conversion terms Holders of series AM shares will, subject to the automatic conversion provisions, have the right to convert, on March 31, 2021 and on March 31 every five years thereafter, their shares into an equal number of series AN shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AN shares will, subject to the automatic conversion provisions, have the right to convert, on March 31, 2021 and on March 31 every five years thereafter, their shares into an equal number of series AM shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Holders of series AM shares will not be entitled to convert their shares into series AN shares if BCE determines that there would remain outstanding on a series AM conversion date fewer than 1,000,000 Series AN shares. Such remaining number of series AN shares shall automatically be converted into an equal number of series AM shares Holders of series AN shares will not be entitled to convert their shares into series AM shares if BCE determines that there would remain outstanding on a series AN conversion date fewer than 1,000,000 Series AM shares. Such remaining number of series AM shares shall automatically be converted into an equal number of series AN shares
See Credit ratings

First Preferred, Series AO/AP Top

AOAP

Ticker symbol

Cusip

Shares outstanding

BCE.PR.O (formerly BAF.PR.C)

05534B620

4,600,000

N/A (not issued)
Annual dividend 4.260% Floating
Dividend payment dates The last day of March, June, Sept. and Dec. The last day of March, June, Sept. and Dec.
Dividend terms Until March 31, 2022, series AO shareholders are entitled to receive quarterly cash dividend of 4.260% per annum computed in accordance with the terms and conditions attached to such shares Starting March 31, 2022, series AP shareholders will be entitled to receive quarterly floating cash dividends, computed in accordance with the terms and conditions attached to such shares
Redemption price $25.00 $25.00
Redemption terms BCE may redeem the series AO on March 31, 2022, and every five years thereafter at $25.00 per share BCE may redeem the series AP on March 31, 2022, and every five years thereafter at $25.00 per share or $25.50 in the case of redemptions on any date which is not a Series AP conversion date after March 31, 2017
Convertible into First Preferred, Series AP First Preferred, Series AO
Conversion date March 31, 2022 March 31, 2022
Conversion terms Holders of series AO shares will, subject to the automatic conversion provisions, have the right to convert, on March 31, 2022 and on March 31 every five years thereafter, their shares into an equal number of series AP shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AP shares will, subject to the automatic conversion provisions, have the right to convert, on March 31, 2022 and on March 31 every five years thereafter, their shares into an equal number of series AO shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Holders of series AO shares will not be entitled to convert their shares into series AP shares if BCE determines that there would remain outstanding on a series AO conversion date fewer than 1,000,000 Series AP shares. Such remaining number of series AP shares shall automatically be converted into an equal number of series AO shares Holders of series AP shares will not be entitled to convert their shares into series AO shares if BCE determines that there would remain outstanding on a series AP conversion date fewer than 1,000,000 Series AO shares. Such remaining number of series AO shares shall automatically be converted into an equal number of series AP shares
See Credit ratings

First Preferred, Series AQ/AR Top

AQAR

Ticker symbol

Cusip

Shares outstanding

BCE.PR.Q (formerly BAF.PR.E)

05534B596

9,200,000

N/A (not issued)
Annual dividend 4.812% Floating
Dividend payment dates The last day of March, June, Sept. and Dec. The last day of March, June, Sept. and Dec.
Dividend terms Until September 30, 2023, series AQ shareholders are entitled to receive quarterly cash dividend of 4.812% per annum computed in accordance with the terms and conditions attached to such shares Starting September 30, 2023, series AR shareholders will be entitled to receive quarterly floating cash dividends, computed in accordance with the terms and conditions attached to such shares
Redemption price $25.00 $25.00
Redemption terms BCE may redeem the series AQ on September 30, 2023, and every five years thereafter at $25.00 per share BCE may redeem the series AR on September 30, 2023, and every five years thereafter at $25.00 per share or $25.50 in the case of redemptions on any date which is not a Series AR conversion date after September 30, 2018
Convertible into First Preferred, Series AR First Preferred, Series AQ
Conversion date September 30, 2023 September 30, 2023
Conversion terms Holders of series AQ shares will, subject to the automatic conversion provisions, have the right to convert, on September 30, 2018 and on September 30 every five years thereafter, their shares into an equal number of series AR shares upon giving to BCE notice thereof as per the terms and conditions of the conversion Holders of series AR shares will, subject to the automatic conversion provisions, have the right to convert, on September 30, 2023 and on September 30 every five years thereafter, their shares into an equal number of series AQ shares upon giving to BCE notice thereof as per the terms and conditions of the conversion
Automatic conversion Holders of series AQ shares will not be entitled to convert their shares into series AR shares if BCE determines that there would remain outstanding on a series AQ conversion date fewer than 1,000,000 Series AR shares. Such remaining number of series AQ shares shall automatically be converted into an equal number of series AR shares Holders of series AR shares will not be entitled to convert their shares into series AQ shares if BCE determines that there would remain outstanding on a series AR conversion date fewer than 1,000,000 Series AQ shares. Such remaining number of series AQ shares shall automatically be converted into an equal number of series AR shares
See Credit ratings

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