Information on Bell Canada Plan of Arrangement
First Preferred, Series Q/R Top
- Download the short form prospectus (PDF 93 KB - Apr 13, 2010)
- Notice to Holders of BCE Inc. Series R Preferred Shares (PDF 60 KB - Oct 12, 2010)
- Notice of Dividend Rate Series R (PDF 53 KB - Nov 11, 2010)
| Q | R | |
|---|---|---|
| Ticker symbol (on the TSX): | N/A | BCE.PR.R |
| Annual dividend: | Floating | 4.490% |
| Dividend payment dates: | the 12th day of every month | The 1st day of March, June, Sept. and Dec. |
| Dividend terms: | Starting December 1, 2015, 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, 2015, series R shareholders are entitled to receive quarterly cash dividends of 4.490% 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, 2015, and every five years thereafter for $25.00 per share |
| Convertible into: | First Preferred, Series R | First Preferred, Series Q |
| Conversion date: | December 1, 2015 | December 1, 2015 |
| Conversion terms: | Holders of Series Q Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on Dec. 1, 2015 and on December 1 every five years thereafter, their shares into an equal number of Series R Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series R Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on Dec. 1, 2015 and on December 1 every five years thereafter, their shares into an equal number of Series Q Preferred Shares upon giving to BCE Inc. 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 Preferred Shares and Series R Preferred Shares, if BCE Inc. determines that there would be outstanding on a Conversion Date less than 1,000,000 Series Q Preferred Shares, such remaining number of Series Q Preferred Shares shall automatically be converted into an equal number of Series R Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such conversion date less than 1,000,000 Series R Preferred Shares then no Series Q Preferred Shares shall be converted into Series R Preferred Shares. | Following the close of business on last day for tendering the shares for conversion by holders of Series R Preferred Shares and Series Q Preferred Shares, if BCE Inc. determines that there would be outstanding on a Conversion Date less than 1,000,000 Series R Preferred Shares, such remaining number of Series R Preferred Shares shall automatically be converted into an equal number of Series Q Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such conversion date less than 1,000,000 Series Q Preferred Shares then no Series R Preferred Shares shall be converted into Series Q Preferred Shares. |
| See Credit Ratings | ||
First Preferred, Series S/T Top
- Download the short form prospectus (PDF 92 KB - Apr 13, 2010)
- Conversion Notice for holders of Series S Preferred Shares (PDF 29 KB - Sep 16, 2011)
- Conversion Notice for holders of Series T Preferred Shares (PDF 29 KB - Sep 16, 2011)
- Notice of dividend rate (PDF 45 KB - Oct 12, 2011)
- News release series S &T preferred shares conversion (PDF 52 KB - Oct 19, 2011)
| S | T | |
|---|---|---|
| Ticker symbol (on the TSX): | BCE.PR.S | BCE.PR.T |
| Annual dividend: | Floating | 3.393% per annum |
| Dividend payment dates: | The 12th day of every month | The 1st day of Feb., May, Aug. and Nov. |
| Dividend terms: | Series S shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares. | Starting November 1, 2011, 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, 2011, and every five years thereafter for $25.00 per share |
| Convertible into: | First Preferred, Series T | First Preferred, Series S |
| Conversion date: | November 1, 2011 | November 1, 2011 |
| Conversion terms: | Holders of Series S Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on Nov. 1, 2011 and on November 1 every five years thereafter, their shares into an equal number of Series T Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series T Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on Nov. 1, 2011 and on November 1 every five years thereafter, their shares into an equal number of Series S Preferred Shares upon giving to BCE Inc. 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 Preferred Shares and Series T Preferred Shares, if BCE Inc. determines that there would be outstanding on a Conversion Date less than 1,000,000 Series S Preferred Shares, such remaining number of Series S Preferred Shares shall automatically be converted into an equal number of Series T Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 1,000,000 Series T Preferred Shares then no Series S Preferred Shares shall be converted into Series T Preferred Shares. | Following the close of business on last day for tendering the shares for conversion by holders of Series T Preferred Shares and Series S Preferred Shares, if BCE Inc. determines that there would be outstanding on a Conversion Date less than 1,000,000 Series T Preferred Shares, such remaining number of Series T Preferred Shares shall automatically be converted into an equal number of Series S Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 1,000,000 Series S Preferred Shares then no Series T Preferred Shares shall be converted into Series S Preferred Shares. |
| See Credit Ratings | ||
First Preferred, Series Y/Z Top
- Download the short form prospectus (PDF 209 KB - Apr 13, 2010)
- Conversion notice for holders of Series Y Preferred Shares (PDF 230 KB - Oct. 17, 2012)
- Conversion notice for holders of Series Z Preferred Shares (PDF 230 KB - Oct 17, 2012)
- Notice of dividend rate (PDF 218 KB - Nov 14, 2012)
- News releaseseries Y & Z preferred shares conversion (PDF 76.9 KB - Nov 20, 2012)
| Y | Z | |
|---|---|---|
| Ticker symbol (on the TSX): | BCE.PR.Y | BCE.PR.Z |
| Annual dividend: | Floating | 4.331% 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, 2012, 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, 2012, series Z shareholders are entitled to receive quarterly cash dividends of 4.331% 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, 2012, and every five years thereafter for $25.00 per share |
| Convertible into: | First Preferred, Series Z | First Preferred, Series Y |
| Conversion date: | December 1, 2012 | December 1, 2012 |
| Conversion terms: | Holders of Series Y Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2012 and on December 1 every five years thereafter, their shares into an equal number of Series Z Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series Z Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2012 and on December 1 every five years thereafter, their shares into an equal number of Series Y Preferred Shares upon giving to BCE Inc. 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 Preferred Shares and Series Z Preferred Shares, if BCE Inc. determines that there would be outstanding on a Conversion Date less than 1,000,000 Series Y Preferred Shares, such remaining number of Series Y Preferred Shares shall automatically be converted into an equal number of Series Z Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 1,000,000 Series Z Preferred Shares then no Series Y Preferred Shares shall be converted into Series Z Preferred Shares. | Following the close of business on last day for tendering the shares for conversion by holders of Series Z Preferred Shares and Series Y Preferred Shares, if BCE Inc. determines that there would be outstanding on a Conversion Date less than 1,000,000 Series Z Preferred Shares, such remaining number of Series Z Preferred Shares shall automatically be converted into an equal number of Series Y Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 1,000,000 Series Y Preferred Shares then no Series Z Preferred Shares shall be converted into Series Y Preferred Shares. |
| See Credit Ratings | ||
First Preferred, Series AA/AB Top
- Download the short form prospectus (PDF 199 KB - Apr 13, 2010)
- Notice to Holders of BCE Inc. Series AA Preferred Shares (PDF 58 KB - Jul 10, 2012)
- Notice to Holders of BCE Inc. Series AB Preferred Shares (PDF 57,9 KB - Jul 10, 2012)
- Notice of dividend rate (PDF 78,8 KB - August 9, 2012)
- News release Preferred shares Series AA/AB conversions (PDF 52,1 KB - Aug. 22,2012)
| AA | AB | |
|---|---|---|
| Ticker symbol (on the TSX): | BCE.PR.A | BCE.PR.B |
| Annual dividend: | 4.800% 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, 2012, Series AA shareholders are entitled to receive quarterly cash dividends of 4.800% per annum computed in accordance with the terms and conditions attached to such shares. | Until September 1, 2012, 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, 2012, and on Sept. 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, 2012 | September 1, 2012 |
| Conversion terms: | Holders of Series AA Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on September 1, 2012 and on September 1 every five years thereafter, their shares into an equal number of Series AB Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series AB Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on September 1, 2012 and on September 1 every five years thereafter, their shares into an equal number of Series AA Preferred Shares upon giving to BCE Inc. 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 Preferred Shares and Series AB Preferred Shares, if BCE Inc. determines that there would be outstanding on such Series AA Conversion Date less than 2,500,000 Series AA Preferred Shares, such remaining number of Series AA Preferred Shares shall automatically be converted into an equal number of Series AB Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Series AA Conversion Date less than 2,500,000 Series AB Preferred Shares then, no Series AA Preferred Shares shall be converted into Series AB Preferred Shares. | Following the close of business on last day for tendering the shares for conversion by holders of Series AB Preferred Shares and Series AA Preferred Shares, if BCE Inc. determines that there would be outstanding on such Series AB Conversion Date less than 2,500,000 Series AB Preferred Shares, such remaining number of Series AB Preferred Shares shall automatically be converted into an equal number of Series AA Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Series AB Conversion Date less than 2,500,000 Series AA Preferred Shares then, no Series AB Preferred Shares shall be converted into Series AA Preferred Shares. |
| See Credit Ratings | ||
First Preferred, Series AC/AD Top
- Download the short form prospectus (PDF 158 KB - Apr 13, 2010)
- Notice for holders of Series AC Preferred Shares (PDF 371 KB - Jan 11, 2013)
- Notice for holders of Series AD Preferred Shares (PDF 373 KB - jan 11, 2013)
- Notice of dividend rate on series AC preferred shares (PDF 259 KB - Feb 6, 2013)
- News release series AC & AD preferred shares conversion (PDF 21 KB - Feb 19, 2013)
| AC | AD | |
|---|---|---|
| Ticker symbol (on the TSX): | BCE.PR.C | BCE.PR.D |
| Annual dividend: | 4.600% 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, 2013, series AC shareholders are entitled to receive quarterly cash dividends of 4.600% per annum computed in accordance with the terms and conditions attached to such shares. | Until March 1, 2013, 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 Mar. 1, 2013, 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, 2013 | March 1, 2013 |
| Conversion terms: | Holders of Series AC Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on Mar. 1, 2013 and on March 1 every five years thereafter, their shares into an equal number of Series AD Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series AD Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on Mar. 1, 2013 and on March 1 every five years thereafter, their shares into an equal number of Series AC Preferred Shares upon giving to BCE Inc. 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 Preferred Shares and Series AD Preferred Shares, if BCE Inc. determines that there would be outstanding on such Series AC Conversion Date less than 2,500,000 Series AC Preferred Shares, such remaining number of Series AC Preferred Shares shall automatically be converted into an equal number of Series AD Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Series AC Conversion Date less than 2,500,000 Series AD Preferred Shares then, no Series AC Preferred Shares shall be converted into Series AD Preferred Shares. | Following the close of business on last day for tendering the shares for conversion by holders of Series AD Preferred Shares and Series AC Preferred Shares, if BCE Inc. determines that there would be outstanding on such Series AD Conversion Date less than 2,500,000 Series AD Preferred Shares, such remaining number of Series AD Preferred Shares shall automatically be converted into an equal number of Series AC Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Series AD Conversion Date less than 2,500,000 Series AC Preferred Shares then, no Series AD Preferred Shares shall be converted into Series AC Preferred Shares. |
| See Credit Ratings | ||
First Preferred, Series AE/AF Top
- Notice of Dividend Rate (PDF 29 KB - Jan 13, 2010)
- Notice to Holders of BCE Inc. Series AE Preferred Shares (PDF 169 KB - Dec 15, 2009)
- Notice to Holders of BCE Inc. Series AF Preferred Shares (PDF 169 KB - Dec 15, 2009)
- Download the short form prospectus (PDF 182 KB - Apr 13, 2010)
- Press Release (January 23), Approval of Bell Canada Plan of Arrangement
| AE | AF | |
|---|---|---|
| Ticker symbol (on the TSX): | BCE.PR.E | BCE.PR.F |
| Former Symbol (on the TSX): | BC.PR.A | BC.PR.D |
| Annual dividend: | Floating | 4.541% 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, 2015, 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, 2015, Series AF shareholders are entitled to receive quarterly cash dividends of 4.541% per annum computed in accordance with the terms and conditions attached to such shares. |
| Redemption price: | $25.50 | $25.00 |
| Redemption terms: | BCE Inc. may redeem the Series AE shares at any time for $25.50 per share. | BCE Inc. may redeem the Series AF shares on Feb. 1, 2015, or on Feb. 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, 2015 | February 1, 2015 |
| Conversion terms: | Holders of Series AE Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on February 1, 2010 and every five years thereafter, their shares into an equal number of Series AF Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series AF Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on February 1, 2010 and on February 1 every five years thereafter, their shares into an equal number of Series AE Preferred Shares upon giving to BCE Inc. 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 Preferred Shares and Series AF Preferred Shares, if BCE Inc. determines that there would be outstanding on such Series AE Conversion Date less than 1,000,000 Series AE Preferred Shares, such remaining number of Series AE Preferred Shares shall automatically be converted into an equal number of Series AF Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Series AE Conversion Date less than 1,000,000 Series AF Preferred Shares then, no Series AE Preferred Shares shall be converted into Series AF Preferred Shares. | Following the close of business on last day for tendering the shares for conversion by holders of Series AE Preferred Shares and Series AF Preferred Shares, if BCE Inc. determines that there would be outstanding on such Series AF Conversion Date less than 1,000,000 Series AF Preferred Shares, such remaining number of Series AF Preferred Shares shall automatically be converted into an equal number of Series AE Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Series AF Conversion Date less than 1,000,000 Series AE Preferred Shares then, no Series AF Preferred Shares shall be converted into Series AE Preferred Shares. |
| See Credit Ratings | ||
First Preferred, Series AG/AH Top
- Download the short form prospectus (PDF 119 KB - Apr 13, 2010)
- Notice to Holders of BCE Inc. Series AG Preferred Shares (PDF 233 KB - Mar 25, 2011)
- Notice to Holders of BCE Inc. Series AH Preferred Shares (PDF 233 KB - Mar 25, 2011)
- Press Release (January 23), Approval of Bell Canada Plan of Arrangement
- Dividend notice (PDF 49 KB - Apr 8, 2011)
| AG | AH | |
|---|---|---|
| Ticker symbol (on the TSX): | BCE.PR.G | BCE.PR.H |
| Former Symbol (on the TSX): | BC.PR.B | BC.PR.E |
| Annual dividend: | 4.500% 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, 2016, Series AG shareholders are entitled to receive quarterly cash dividends of 4.500% per annum computed in accordance with the terms and conditions attached to such shares. | Until May 1, 2016, 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 Inc. may redeem the Series AG shares on May 1, 2016 or on May 1 in every fifth year thereafter for $25.00 per share | BCE Inc. 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, 2016 | May 1, 2016 |
| Conversion terms: | Holders of Series AG Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on May 1, 2011 and on May 1 every five years thereafter, their shares into an equal number of Series AH Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series AH Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on May 1, 2011 and on May 1 every five years thereafter, their shares into an equal number of Series AG Preferred Shares upon giving to BCE Inc. 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 Preferred Shares and Series AH Preferred Shares, if BCE Inc. determines that there would be outstanding on such Conversion Date less than 2,000,000 Series AG Preferred Shares, such remaining number of Series AG Preferred Shares shall automatically be converted into an equal number of Series AH Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 2,000,000 Series AH Preferred Shares then, no Series AG Preferred Shares shall be converted into Series AH Preferred Shares. | Following the close of business on last day for tendering the shares for conversion by holders of Series AH Preferred Shares and Series AG Preferred Shares, if BCE Inc. determines that there would be outstanding on such Conversion Date less than 2,000,000 Series AH Preferred Shares, such remaining number of Series AH Preferred Shares shall automatically be converted into an equal number of Series AG Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 2,000,000 Series AG Preferred Shares then, no Series AH Preferred Shares shall be converted into Series AG Preferred Shares. |
| See Credit Ratings | ||
First Preferred, Series AI/AJ Top
- Download the short form prospectus (PDF 95 KB - Apr 13, 2010)
- Notice to Holders of BCE Inc. Series AI Preferred Shares (PDF 226 KB - Jun 13, 2011)
- Notice of dividend rate (PDF 195 KB - Jul 11, 2011)
- Press Release (July 25), Conversion of series AI preferred shares into series AJ preferred shares
| AI | AJ | |
|---|---|---|
| Ticker symbol (on the TSX): | BCE.PR.I | BCE.PR.J |
| Former Symbol (on the TSX): | BC.PR.C | N/A |
| Annual dividend: | 4.150% per annum | Floating |
| Dividend payment dates: | The 1st day of Feb., May, August, and Nov. | The 12th day of every month |
| Dividend terms: | Starting August 1, 2016, Series AI shareholders are entitled to receive quarterly cash dividends of 4.150% per annum computed in accordance with the terms and conditions attached to such shares | Starting August 1, 2016, 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 1Inc. may redeem the Series AI shares on August 1, 2016 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, 2016 | August 1, 2016 |
| Conversion terms: | Holders of Series AI Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on August 1, 2016 and on August 1 every five years thereafter, their shares into an equal number of Series AJ Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series AJ Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on August 1, 2016 and on August 1 every five years thereafter, their shares into an equal number of Series AI Preferred Shares upon giving to BCE Inc. 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 Preferred Shares and Series AJ Preferred Shares, if BCE Inc. determines that there would be outstanding on such Conversion Date less than 2,000,000 Series AI Preferred Shares, such remaining number of Series AI Preferred Shares shall automatically be converted into an equal number of Series AJ Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 2,000,000 Series AJ Preferred Shares then no Series AI Preferred Shares shall be converted into Series AJ Preferred Shares. | Following the close of business on last day for tendering the shares for conversion by holders of Series AJ Preferred Shares and Series AI Preferred Shares, if BCE Inc. determines that there would be outstanding on such Conversion Date less than 2,000,000 Series AJ Preferred Shares, such remaining number of Series AJ Preferred Shares shall automatically be converted into an equal number of Series AI Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 2,000,000 Series AI Preferred Shares then, no Series AJ Preferred Shares shall be converted into Series AI Preferred Shares. |
| See Credit Ratings | ||
First Preferred, Series AK/AL Top
- Download the short form prospectus (PDF 585 KB - Aug 4, 2011)
- Press Release (June 20), BCE announces $300 million offering of cumulative redeemable first preferred shares, series AK
- Press Release (July 5), BCE announces closing of $345 million preferred share offering
- Press Release (December 8) BCE Announces $ 250 million additional offering of cumulative redeemable first preferred shares, series AK
| AK | AL | |
|---|---|---|
| Ticker symbol (on the TSX): | BCE.PR.K | N/A (not issued) |
| Annual dividend: | 4.15% 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, 2016, Series AK shareholders are entitled to receive quarterly cash dividends of 4.15% per annum computed in accordance with the terms and conditions attached to such shares. | Starting 30th day of March 2017, 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 Inc. may redeem the Series AK shares on December 31, 2016 or on December 31 every five years thereafter for $25.00 per share | BCE Inc. may redeem the Series AL shares at any time starting December 31, 2016 for $25.50 per share |
| Convertible into: | First Preferred Shares Series AL | First Preferred Shares Series AK |
| Conversion date: | December 31, 2016 | December 31, 2021 |
| Conversion terms: | Holders of Series AK Preferred- Shares will, subject to the automatic conversion provisions, have the right to convert, on December 31, 2016 and on December 31 every five years thereafter, their shares into an equal number of Series AL Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. | Holders of Series AL Preferred 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 Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. |
| Automatic conversion: | If the Corporation determines that there would remain outstanding on a Series AK Conversion Date fewer than 1,000,000 Series AK Preferred Shares, after having taken into account all Election Notices, such remaining number of Series AK Preferred Shares shall automatically be converted into an equal number of Series AL Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 1,000,000 Series AL Preferred Shares then no Series AK Preferred Shares shall be converted into Series AL Preferred Shares. | If the Corporation determines that there would remain outstanding on a Series AL Conversion Date fewer than 1,000,000 Series AL Preferred Shares, after having taken into account all Election Notices, such remaining number of Series AL Preferred Shares shall automatically be converted into an equal number of Series AK Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 1,000,000 Series AK Preferred Shares then, no Series AL Preferred Shares shall be converted into Series AK Preferred Shares. |
| See Credit Ratings | ||