• Skip to content
  • Jump to main navigation and login
  • Jump to additional information

Nav view search

Navigation

  • Home
  • Industry News
    • Advertising & Branding
    • Marketing
    • Print
    • Television & Cinema
    • Radio
    • Digital
    • Mobile
    • OOH
    • Experiential Marketing
    • WORLD ROUNDUP
    • PR
  • GCC
    • UAE
    • SAUDI ARABIA
    • OMAN
    • QATAR
    • KUWAIT
    • BAHRAIN
    • LEBANON
    • REGION
  • Interviews
  • Opinions
  • Mediavataar India
  • Newsletter

Search

Home Industry News WORLD ROUNDUP BCE reports results of Series AA and AB preferred share conversions

BCE reports results of Series AA and AB preferred share conversions

 

BCE Inc.announced that 1,067,517 of its 11,397,196 fixed-rate Cumulative Redeemable First Preferred Shares, Series AA ("Series AA Preferred Shares") have been tendered for conversion on September 1, 2022, on a one-for-one basis, into floating-rate Cumulative Redeemable First Preferred Shares, Series AB ("Series AB Preferred Shares").

In addition, 1,977,982 of its 8,599,204 Series AB Preferred Shares have been tendered for conversion on September 1, 2022, on a one-for-one basis, into Series AA Preferred Shares. Consequently, on September 1, 2022, BCE will have 12,307,661 Series AA Preferred Shares and 7,688,739 Series AB Preferred Shares issued and outstanding. The Series AA Preferred Shares and the Series AB Preferred Shares will continue to be listed on the Toronto Stock Exchange under the symbols BCE.PR.A and BCE.PR.B, respectively.

The Series AA Preferred Shares will pay on a quarterly basis, for the five-year period beginning on September 1, 2022, as and when declared by the Board of Directors of BCE, a fixed cash dividend based on an annual fixed dividend rate of 4.94%.

The Series AB Preferred Shares will continue to pay a monthly floating adjustable cash dividend for the five-year period beginning on September 1, 2022, as and when declared by the Board of Directors of BCE. The monthly floating adjustable dividend for any particular month will continue to be calculated based on the prime rate for such month and using the Designated Percentage for such month representing the sum of an adjustment factor (based on the market price of the Series AB Preferred Shares in the preceding month) and the Designated Percentage for the preceding month.

  By MediavataarMe News Desk 30 August 2022
World Roundup
Tweet
  • Be the first to comment!
  • 1
  • 2
  • 3
  • 4
  • 5
(0 votes)

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

back to top

Latest from MediavataarMe News Desk

  • Sabre Corporation Named Among Best CEO and Best Company Culture Winners by Comparably
  • Tito Ribeiro presents the marketing digital trends for 2023
  • The Kalb Report Honored with the 2023 New York Festivals Lifetime Achievement Award
  • The One Club names three creative leaders to Board of Directors
  • New York Festivals Health Announces 2023 Executive Jury
  • Recommended Reading
    Saffron Brand Consultants pushes its presence in the DACH region  Read more...
  • Recommended Reading
    WPP acquires marketing technology consultancy XumaK  Read more...
  • Recommended Reading
    Hello, Jerry! Viacom Acquires Exclusive Cable Rights to Seinfeld From Sony Pictures Television  Read more...
  • Recommended Reading
    Plus Ultra becomes latest Spanish airline to drive sales with Travelport’s Rich Content and Branding  Read more...
  • Recommended Reading
    Unilever and WPP launch unique in-house colaboration in Singapore  Read more...

QUOTE OF THE DAY

“Good content isn’t about good storytelling. It’s about telling a true story well.” – Ann Handley

  • Most Viewed
  • Most commented
  • Aap Ki Adalat:Gautam Adani tells Rajat Sharma ‘Rahul is a respected leader, his remarks against me are only political statements’ (10777)
  • TDC Explores Latin American Typography With “Cha Che Chi” Conference (10216)
  • New York Festivals Radio Awards Announces 2023 Grand Jury (9884)
  • ZEE receives overwhelming response from advertisers for the inaugural edition of DP World ILT20 (9311)
  • Big Appetites, Smaller Wallets: Demand for Mobile Services Booms- Mobile 2023 Report (2032)

Upcoming Events

No events
Tweets by @MediavataarMENA
  • About Us
  • |
  • Disclaimer
  • |
  • Feedback
  • |
  • Advertise with Mediavataarme
  • |
  • Press Releases
  • |
  • Contact us

COPYRIGHT@Ashish Limaye, Sole Practitioner, Under Dubai Media City. POWERED BY MAXIMESS

  • Facebook

  • Twitter