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BCE (NYSE: BCE) details Series AG and AH preferred share conversions

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

BCE Inc. reported the results of holder elections to convert between its Series AG and Series AH preferred shares. On May 1, 2026, 121,070 of 8,032,285 fixed-rate Series AG shares will convert into floating-rate Series AH shares, while 1,464,469 of 4,175,513 Series AH shares will convert into Series AG.

After these conversions, BCE will have 9,375,684 Series AG preferred shares and 2,832,114 Series AH preferred shares outstanding. Series AG will pay a fixed annual dividend rate of 5.30% on a quarterly basis for five years from May 1, 2026, and Series AH will continue to pay a monthly floating dividend tied to the prime rate and a Designated Percentage. Both series will remain listed on the Toronto Stock Exchange under symbols BCE.PR.G and BCE.PR.H.

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Series AG tendered to AH 121,070 shares Series AG shares converting into Series AH on May 1, 2026
Original Series AG outstanding 8,032,285 shares Fixed-rate Series AG preferred shares before conversions
Series AH tendered to AG 1,464,469 shares Series AH shares converting into Series AG on May 1, 2026
Original Series AH outstanding 4,175,513 shares Series AH preferred shares before conversions
Post-conversion Series AG 9,375,684 shares Series AG preferred shares outstanding after May 1, 2026 conversions
Post-conversion Series AH 2,832,114 shares Series AH preferred shares outstanding after May 1, 2026 conversions
Series AG dividend rate 5.30% annually Fixed cash dividend for five-year period from May 1, 2026
fixed-rate Cumulative Redeemable First Preferred Shares financial
"8,032,285 fixed-rate Cumulative Redeemable First Preferred Shares, Series AG"
floating-rate Cumulative Redeemable First Preferred Shares financial
"floating-rate Cumulative Redeemable First Preferred Shares, Series AH"
Designated Percentage financial
"using the Designated Percentage for such month representing the sum of an adjustment factor"
A designated percentage is a specific proportion—stated as a percent—set out in a contract, offering document, or rule to determine how much of something (cash, shares, voting rights, fees, or liability) applies to a party or calculation. Investors care because that fixed slice directly affects payouts, ownership dilution, thresholds for corporate actions or fee charges; like a recipe telling you how much of an ingredient each person gets, it shapes financial outcomes and risk.
prime rate financial
"calculated based on the prime rate for such month and using the Designated Percentage"
The prime rate is the interest rate banks typically charge their most creditworthy customers for short-term loans and serves as a common baseline for many other interest rates. Think of it as a price tag for borrowing: when the prime rate rises, costs for business loans, mortgages and consumer credit usually go up, which can slow spending, squeeze profits and influence stock prices and interest-sensitive sectors.
floating adjustable cash dividend financial
"pay a monthly floating adjustable cash dividend for the five-year period"
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

April 22, 2026

Commission File Number: 1-8481

 

 

BCE Inc.

(Translation of registrant’s name into English)

 

 

1, carrefour Alexander-Graham-Bell,

Verdun, Québec

Canada H3E 3B3

(514) 870-8777

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F

Notwithstanding any reference to BCE Inc.’s Web site on the World Wide Web in the document attached hereto, the information contained in BCE Inc.’s site or any other site on the World Wide Web referred to in BCE Inc.’s site is not a part of this Form 6-K and, therefore, is not furnished to the Securities and Exchange Commission.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    BCE Inc.
Date: April 22, 2026     By:  

/s/ Melanie Schweizer

      Name: Melanie Schweizer
      Title: Senior Vice-President, Corporate Services and Corporate Secretary


EXHIBIT INDEX

 

 Exhibit 

   
99.1  

News Release

Exhibit 99.1

 

LOGO   

LOGO

For Immediate Release

BCE reports results of Series AG and AH Preferred Share conversions

MONTRÉAL, April 21, 2026 – BCE Inc. (TSX, NYSE: BCE) today announced that 121,070 of its 8,032,285 fixed-rate Cumulative Redeemable First Preferred Shares, Series AG (“Series AG Preferred Shares”) have been tendered for conversion on May 1, 2026, on a one-for-one basis, into floating-rate Cumulative Redeemable First Preferred Shares, Series AH (“Series AH Preferred Shares”). In addition, 1,464,469 of its 4,175,513 Series AH Preferred Shares have been tendered for conversion on May 1, 2026, on a one-for-one basis, into Series AG Preferred Shares. Consequently, on May 1, 2026, BCE will have 9,375,684 Series AG Preferred Shares and 2,832,114 Series AH Preferred Shares issued and outstanding. The Series AG Preferred Shares and the Series AH Preferred Shares will continue to be listed on the Toronto Stock Exchange under the symbols BCE.PR.G and BCE.PR.H, respectively.

The Series AG Preferred Shares will pay on a quarterly basis, for the five-year period beginning on May 1, 2026, as and when declared by the Board of Directors of BCE, a fixed cash dividend based on an annual fixed dividend rate of 5.30%.

The Series AH Preferred Shares will continue to pay a monthly floating adjustable cash dividend for the five-year period beginning on May 1, 2026, 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 AH Preferred Shares in the preceding month) and the Designated Percentage for the preceding month.

About BCE

BCE is Canada’s largest communications company1, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca.

1 Based on total revenue and total combined customer connections.

Media inquiries:

Ellen Murphy

media@bell.ca

Investor inquiries:

Krishna Somers

krishna.somers@bell.ca

FAQ

What did BCE Inc. (BCE) announce about its Series AG and AH preferred shares?

BCE announced conversion results for its Series AG and Series AH preferred shares effective May 1, 2026. Some holders elected to switch between the fixed-rate Series AG and floating-rate Series AH shares on a one-for-one basis, adjusting the number of each series outstanding.

How many BCE Series AG preferred shares will be outstanding after the conversions?

After the conversions on May 1, 2026, BCE will have 9,375,684 Series AG preferred shares outstanding. This reflects both Series AG shares tendered into Series AH and Series AH shares converted back into Series AG on a one-for-one basis.

How many BCE Series AH preferred shares will be outstanding after the conversions?

Following the May 1, 2026 conversions, BCE will have 2,832,114 Series AH preferred shares outstanding. This figure incorporates Series AG shares converted into Series AH and Series AH shares that moved into Series AG, all on a one-for-one basis.

What dividend rate will BCE’s Series AG preferred shares pay after May 1, 2026?

For the five-year period beginning May 1, 2026, Series AG preferred shares will pay a fixed cash dividend at an annual rate of 5.30%. Dividends are payable quarterly, when declared by BCE’s Board of Directors, providing a defined income rate to Series AG holders.

How is the dividend on BCE’s Series AH preferred shares determined?

Series AH preferred shares pay a monthly floating cash dividend for five years from May 1, 2026. The dividend each month is based on the prime rate and a Designated Percentage, which reflects an adjustment factor tied to the prior month’s market price and the previous Designated Percentage.

On which exchange are BCE’s Series AG and AH preferred shares listed?

BCE’s Series AG and Series AH preferred shares remain listed on the Toronto Stock Exchange. The Series AG preferred shares trade under the symbol BCE.PR.G, while the Series AH preferred shares trade under the symbol BCE.PR.H, allowing investors to access both series directly.

Filing Exhibits & Attachments

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