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BCE (NYSE: BCE) converts all Series AN preferred shares into fixed-rate Series AM

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Form Type
6-K

Rhea-AI Filing Summary

BCE Inc. reports the final results of shareholder elections to convert two series of preferred shares. On March 31, 2026, all floating-rate Series AN preferred shares will be converted on a one-for-one basis into fixed-rate Series AM preferred shares, following limited voluntary elections by holders of both series.

Only 2,276 of 8,802,551 Series AM shares were elected for conversion into Series AN shares, while 348,545 of 948,622 Series AN shares were elected for conversion into Series AM shares. Because this would leave fewer than 1,000,000 Series AN shares outstanding, all remaining Series AN shares will also automatically convert into Series AM shares on that date.

For the five-year period beginning March 31, 2026, the Series AM preferred shares will pay a fixed quarterly cash dividend based on an annual dividend rate of 4.837%, as and when declared by BCE’s Board of Directors. These Series AM preferred shares will remain listed on the Toronto Stock Exchange under the symbol BCE.PR.M.

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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

 

 

March 17, 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

(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: March 17, 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 AM and series AN preferred share conversions

MONTRÉAL, March 16, 2026 – BCE Inc. (TSX, NYSE: BCE) today announced that all of its floating-rate Cumulative Redeemable First Preferred Shares, Series AN (“Series AN Preferred Shares”) will be converted on March 31, 2026, on a one-for-one basis, into fixed-rate Cumulative Redeemable First Preferred Shares, Series AM (“Series AM Preferred Shares”).

On March 2, 2026, notice was provided that holders of Series AM Preferred Shares could elect to convert their shares into Series AN Preferred Shares and that holders of Series AN Preferred Shares could elect to convert their shares into Series AM Preferred Shares, subject to the terms and conditions attached to those shares. A total of 2,276 of its 8,802,551 Series AM Preferred Shares have been tendered for conversion on March 31, 2026, on a one-for-one basis, into Series AN Preferred Shares. In addition, 348,545 of its 948,622 Series AN Preferred Shares have been tendered for conversion on March 31, 2026, on a one-for-one basis, into Series AM Preferred Shares. As this would result in there being less than 1,000,000 Series AN Preferred Shares outstanding, all remaining Series AN Preferred Shares not tendered for conversion will, as per the terms and conditions attached to those shares, be automatically converted into Series AM Preferred Shares on March 31, 2026.

The Series AM Preferred Shares will pay on a quarterly basis, for the five-year period beginning on March 31, 2026, as and when declared by the Board of Directors of BCE, a fixed quarterly cash dividend based on an annual dividend rate of 4.837%. The Series AM Preferred Shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.M.

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 AM and Series AN preferred shares?

BCE announced that all floating-rate Series AN preferred shares will be converted into fixed-rate Series AM preferred shares on March 31, 2026, after shareholders made limited voluntary conversion elections, triggering an automatic conversion under the terms attached to the shares.

How many BCE Series AM and Series AN preferred shares were tendered for conversion?

BCE reported that 2,276 of its 8,802,551 Series AM preferred shares were tendered for conversion into Series AN, while 348,545 of its 948,622 Series AN preferred shares were tendered for conversion into Series AM, all on a one-for-one basis effective March 31, 2026.

Why are all BCE Series AN preferred shares being converted into Series AM shares?

After the shareholder elections, fewer than 1,000,000 Series AN preferred shares would remain outstanding. Under the terms and conditions of the Series AN shares, this threshold automatically triggers conversion of all remaining Series AN shares into Series AM shares on March 31, 2026.

What dividend rate will BCE’s Series AM preferred shares pay after the conversion?

For the five-year period beginning March 31, 2026, BCE’s Series AM preferred shares will pay a fixed quarterly cash dividend based on an annual dividend rate of 4.837%, as and when declared by the company’s Board of Directors, replacing the floating rate on the Series AN shares.

Will BCE’s Series AM preferred shares remain listed after the conversions?

Yes. BCE stated that the Series AM preferred shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.M after the March 31, 2026, conversions of all Series AN preferred shares into Series AM preferred shares are completed.

What is the conversion ratio between BCE Series AM and Series AN preferred shares?

The conversion ratio between BCE’s Series AM and Series AN preferred shares is one-for-one. Shares tendered for conversion on March 31, 2026, and the automatic conversion of remaining Series AN shares into Series AM shares, will all occur on this one-for-one basis.

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