Series AN Preferred Shares
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BCE reports results of series AM and series AN preferred share conversions
Prnewswire· 2026-03-17 00:20
Core Viewpoint - BCE Inc. announced the conversion of its Series AN Preferred Shares into Series AM Preferred Shares, effective March 31, 2026, on a one-for-one basis [1][2]. Group 1: Share Conversion Details - All Series AN Preferred Shares will be converted into Series AM Preferred Shares, with a total of 2,276 of 8,802,551 Series AM Preferred Shares and 348,545 of 948,622 Series AN Preferred Shares tendered for conversion [2]. - As a result of the conversions, there will be less than 1,000,000 Series AN Preferred Shares outstanding, leading to an automatic conversion of all remaining Series AN Preferred Shares into Series AM Preferred Shares [2]. Group 2: Dividend Information - The Series AM Preferred Shares will pay a fixed quarterly cash dividend at an annual rate of 4.837% for a five-year period starting March 31, 2026 [3]. Group 3: Company Overview - BCE is recognized as Canada's largest communications company, focusing on advanced fibre and wireless networks, enterprise services, and digital media [3][4]. - The company aims to keep customers connected and informed through next-generation technology, including cloud-based and AI-driven solutions [3].