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BCE Inc | Series Y Preferred Shares (BCE.PRY.CA)
Prospectus excerpt: Until December 1, 2012, series Y shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares. Full Prospectus PDF », BCE.CA Page »
| Series: | Y | | Alternate symbology: | BCE-Y.CA, BCE-PY.CA, BCEprY.CA | | Redeemable?: | Yes | | Call Date: | 12/1/2012 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | Yes | | Conversion Ratio: | Holders of Series Y Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2012 and on December 1 every five years thereafter, their shares into an equal number of Series Z Preferred Shares upon giving to BCE Inc. notice thereof as per the terms and conditions of the conversion. Following the close of business on last day for tendering the shares for conversion by holders of Series Y Preferred Shares and Series Z Preferred Shares, if BCE Inc. determines that there would be outstanding on a Conversion Date less than 1,000,000 Series Y Preferred Shares, such remaining number of Series Y Preferred Shares shall automatically be converted into an equal number of Series Z Preferred Shares. Additionally, if BCE Inc. determines at such time that there would be outstanding on such Conversion Date less than 1,000,000 Series Z Preferred Shares then no Series Y Preferred Shares shall be converted into Series Z Preferred Shares. | | Shares Offered: | 10000000 | | Liquidation Preference: | $25.50 | | Recent Market Price: | $18.16 | Discount to Liquidation Preference:
(More Preferreds Trading at a Discount ») | $-7.34 (-28.78%) | | Annualized Dividend: | 1.8 | | Recent Ex-Date: | 4/29/2024 | | Current Yield: | 9.91% | | Original Coupon: | .15 per share per annum then the Series Y Preferred Shares will be entitled to floating adjustable cumulative preferred cash dividends, as and when declared by the board of directors of BCE Inc., which will accrue from December 1, 2002, and will be payable monthly on the twelfth day of each month commencing with the month of January 2003, with the annual floating dividend rate for the first month equal to 80% of Prime. The dividend rate will float in relation to changes in Prime and will be adjusted upwards or downwards on a monthly basis whenever the Calculated Trading Price of the Series Y Preferred Shares is 4.875 or less or 5.125 or more respectively. The maximum monthly adjustment for changes related to the Calculated Trading Price will be ±4.00% of Prime. The annual floating dividend rate applicable for a month will in no event be less than 50% of Prime or greater than Prime. | | Pay Period: | Monthly | | CDx3 Compliance Rating: |
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BCE is a telecommunications and media company providing wireless, wireline, Internet and television (TV) services to residential, business and wholesale customers. Co. reports in three segments: Bell Wireless, Bell Wireline and Bell Media. Bell Wireless provides wireless voice and data communications products. Bell Wireline provides data, including Internet access and Internet protocol television, local telephone, long distance, as well as other communications services and products. Bell Media provides conventional TV, other TV, pay TV, streaming services, digital media services, radio broadcasting services and out-of-home advertising services to customers nationally across Canada. Preferreds: BCE.PRA.CA, BCE.PRB.CA, BCE.PRC.CA, BCE.PRD.CA, BCE.PRE.CA, BCE.PRF.CA, BCE.PRG.CA, BCE.PRH.CA, BCE.PRI.CA, BCE.PRJ.CA, BCE.PRK.CA, BCE.PRR.CA, BCE.PRS.CA, BCE.PRT.CA, BCE.PRY.CA, BCE.PRZ.CA
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