Core Viewpoint - BCE Inc. has announced modifications to its Shareholder Dividend Reinvestment and Stock Purchase Plan (DRP), changing the method of share distribution from a 2% discount to treasury issuances to purchasing shares on the secondary market [2][10]. Group 1: DRP Modifications - The DRP will now involve BCE's agent, TSX Trust Company, purchasing common shares on the secondary market with cash provided by BCE, effective from the dividend payable on July 15, 2025 [2]. - Existing participants in the DRP will remain enrolled unless they choose to terminate their participation by June 9, 2025 [4]. - Eligible shareholders not participating in the DRP will continue to receive regular cash dividends [5]. Group 2: Participation Details - Participation in the DRP is optional, allowing eligible shareholders to reinvest cash dividends or make optional cash payments without incurring commission or brokerage fees [3][5]. - Shareholders holding BCE common shares through intermediaries should consult with their brokers regarding participation or withdrawal from the DRP [4]. Group 3: Company Overview - BCE is recognized as Canada's largest communications company, providing a range of services including broadband Internet, wireless, TV, media, and business communications [7].
BCE implements changes in connection with its Shareholder Dividend Reinvestment Plan; Termination of discounted treasury issuances