BCE reports results of Series AE and AF Preferred Share conversions

Core Points - BCE Inc. announced the conversion of 8,050 of its Series AF Preferred Shares into Series AE Preferred Shares, effective February 1, 2025, with a total of 11,250,771 Series AF and 3,339,629 Series AE shares expected to be outstanding post-conversion [1] - The Series AF Preferred Shares will offer a fixed cash dividend of 5.496% annually, payable quarterly for five years starting February 1, 2025 [2] - The Series AE Preferred Shares will provide a monthly floating adjustable cash dividend, calculated based on the prime rate and an adjustment factor, for the same five-year period [3] Company Overview - BCE is recognized as Canada's largest communications company, offering a range of services including broadband Internet, wireless, TV, media, and business communications [4] - The company is committed to social and economic prosperity through initiatives like Bell Let's Talk, which focuses on mental health awareness and community support [5]