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BCE announces preferred shares conversions with fixed and floating rates effective May 1, 2026

Company Fundamentals
21 Apr 2026
PRNewsWire
View Source
Neutral
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BCE Inc. revealed that on May 1, 2026, 121,070 Series AG fixed-rate preferred shares will convert into floating-rate Series AH shares, and 1,464,469 Series AH shares will convert into Series AG shares on a one-for-one basis. Post-conversion, BCE will have 9,375,684 Series AG and 2,832,114 Series AH preferred shares outstanding. Series AG shares will pay a fixed quarterly dividend at 5.30% annually for five years, while Series AH shares will continue paying monthly floating dividends based on the prime rate and market adjustments. This move affects dividend income streams for investors and maintains both series listed on the Toronto Stock Exchange.

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