BCE reports results of Series S and T preferred share conversions
BCE announced the results of conversion elections between its Series T fixed-rate and Series S floating-rate preferred shares, effective November 2, 2026. Only 400 Series T shares were tendered for conversion into Series S, while 676,765 Series S shares were tendered into Series T, leaving 5,474,698 Series T and 1,190,512 Series S outstanding. The Series T shares will carry a 5.523% annual fixed dividend rate for the next five-year period, while Series S continues paying a monthly floating dividend based on the prime rate.
Key figures
- Conversion date
- November 2, 2026
- Series s converted to t
- 676765
- Series t converted to s
- 400
- Series t fixed dividend rate
- 5.523%
- Post conversion series s outstanding
- 1190512
- Post conversion series t outstanding
- 5474698
AI analysis
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