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BCE, Inc. Cumulative Redeemable First Preferred Shares, Series AK
Ticker Symbol: BCEXF CUSIP: 05534B679 Exchange: OTOTC
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QUANTUMONLINE.COM SECURITY DESCRIPTION: BCE, Inc. Cumulative Redeemable First Preferred Shares, Series AK, liquidation preference $25 Canadian dollars per share, redeemable at the issuer's option on 12/31/2016 and every December 31st in every fifth year thereafter at $25 Canadian dollars per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 4.15% until the first redemption date, then it will be equal to the sum of the the five-year Government of Canada Yield on the applicable fixed rate calculation date plus 1.88%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details). On 12/31/2016 and every December 31st in every fifth year there after the holder will have the right to convert their BCE, Inc. Cumulative Redeemable First Preferred Shares, Series AK into BCE, Inc. Cumulative Redeemable First Preferred Shares, Series AL (Floating rate prefered) (see prospectus for more details). If either the Series AK or Series AL have fewer than 1 million shares, the remaining shares will automaticly convert into the other series. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other First Preferred shares of the company, and senior to the other series of shares of the company. See the IPO prospectus for further information.
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Go to Parent Company's Record (BCE)
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Notes: Dec 17, 2021 -- The Series AK Preferred Shares will pay on a quarterly basis, for the five-year period beginning on December 31, 2021, as and when declared by the Board of Directors of BCE, a fixed cash dividend based on an annual fixed dividend rate of 3.306%. Dec. 16, 2016 -- BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that 2,254,079 of its 25,000,000 fixed-rate Cumulative Redeemable First Preferred Shares, Series AK (Series AK Preferred Shares) have been tendered for conversion on December 31, 2016, on a one-for-one basis, into floating-rate Cumulative Redeemable First Preferred Shares, Series AL (Series AL Preferred Shares). Consequently, BCE will issue 2,254,079 new Series AL Preferred Shares as of December 31, 2016.
The remaining Series AK Preferred Shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.K. The Series AK Preferred Shares will pay on a quarterly basis, for the five-year period beginning on December 31, 2016, as and when declared by the Board of Directors of BCE, a fixed quarterly cash dividend based on an annual dividend rate of 2.954%. All pricing is in Canadian Dollars.
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IPO - 7/5/2011 - 10.00 Million Shares @ $25/share.
Market Value $ Million
Click for current BCEXF price quote from the PINK SHEETS
Click for current BCEXF price quote from the NASDAQ
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Company's Online Information Links
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| Company's Online Government Filings Links |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1 Carrefour Alexander-Graham-Bell, Building A, 8th Fl, Verdun, Quebec H3E 3b3, Canada |
| Main Phone Number |
514-870-8777 |
| Fax Number |
514-766-5735 |
| Investor Relations
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514-870-8777
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| Toll Free Phone Number |
800-339-6353 |
| CEO - Mirko Bibic |
CFO - Curtis Millen |
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