BCE reports results of Series S and T preferred share conversions
Canadian telecom BCE has reported the outcome of its Series S and T preferred share conversions, effective November 2, 2026.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Canadian communications company BCE Inc. said on October 19, 2026, according to TradingView, that 400 of its 4,798,333 fixed-rate Series T preferred shares were tendered for conversion into floating-rate Series S shares.
In the opposite direction, 676,765 of the 1,866,877 Series S shares were tendered for conversion into Series T. After the conversion on November 2, 2026, 5,474,698 Series T and 1,190,512 Series S shares will remain outstanding.
Series T will pay quarterly fixed dividends at an annual rate of 5.523% over five years, while Series S will pay monthly floating dividends tied to the prime rate. Both series will keep trading on the Toronto Stock Exchange as BCE.PR.T and BCE.PR.S.
why it matters
The conversion involves a relatively small block of preferred shares, so the effect on BCE common stock and the broader market is limited. For preferred share holders, the change matters because it sets the income profile of each series for the next five years.
tags
instruments
sources
- BCE reports results of Series S and T preferred share conversions — TradingView, 19 October 2026 at 23:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗