BCE converts preferred shares series AI and AJ
BCE announced on July 22, 2026, that all its floating-rate Series AJ preferred shares will be converted to fixed-rate Series AI preferred shares effective August 4.
BCE Inc., a Canadian telecommunications company, announced on July 22, 2026, that its floating-rate Cumulative Redeemable First Preferred Shares, Series AJ (Series AJ) will be converted into fixed-rate Cumulative Redeemable First Preferred Shares, Series AI (Series AI) on August 4, 2026.
The conversion is on a one-for-one basis. The company reported that 1.875 million Series AI shares were tendered for conversion into Series AJ, and 1.976 million Series AJ shares were tendered for conversion into Series AI. Any remaining Series AJ shares will be automatically converted into Series AI shares as per the terms and conditions, to maintain the minimum outstanding share requirements.
Series AI preferred shares will pay a fixed quarterly cash dividend at an annual rate of 5.10% for the five-year period beginning August 4, 2026. These shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.I.
BCE is Canada's largest communications company, operating advanced fibre and wireless networks, enterprise services, and digital media. It focuses on next-generation technology, leveraging cloud-based and AI-driven solutions to connect customers and enhance business competitiveness.