Shares and dividends
Terms and documents
| Q | R | |
|---|---|---|
|
Ticker symbol Cusip Shares outstanding |
(not issued) |
BCE.PR.R 05534B703 7,610,500 (As at December 31, 2024) |
| Annual dividend | Floating | 3.018% |
| Dividend payment dates | the 12th day of every month | The 1st day of March, June, Sept. and Dec. |
| Dividend terms | Starting December 1, 2025, 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, 2025, series R shareholders are entitled to receive quarterly cash dividends of 3.018% 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, 2025, and every five years thereafter for $25.00 per share |
| Convertible into | First Preferred, Series R | First Preferred, Series Q |
| Conversion date | December 1, 2025 | December 1, 2025 |
| Conversion terms | Holders of series Q shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2025 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, 2025 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 |