BCE Announces Conversion of Preferred Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy BCE?
Source: Newsfilter
- Preferred Share Conversion: BCE announced that all floating-rate Cumulative Redeemable First Preferred Shares, Series AN will be converted to fixed-rate Series AM on March 31, 2026, ensuring shareholders receive more stable returns post-conversion.
- Conversion Statistics: To date, 2,276 Series AM shares and 348,545 Series AN shares have been tendered for conversion, indicating investor preference for fixed income, which may impact future shareholder structure and capital costs.
- Dividend Payment Arrangement: Series AM shares will pay a quarterly cash dividend at an annual rate of 4.837% starting March 31, 2026, enhancing BCE's appeal in capital markets and potentially attracting more investor participation.
- Market Impact Analysis: This conversion will reduce the outstanding Series AN shares to below 1 million, triggering an automatic conversion mechanism, further solidifying BCE's position in the preferred share market and enhancing the stability of its capital structure.
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Analyst Views on BCE
Wall Street analysts forecast BCE stock price to rise
11 Analyst Rating
6 Buy
5 Hold
0 Sell
Moderate Buy
Current: 25.570
Low
24.34
Averages
27.57
High
32.45
Current: 25.570
Low
24.34
Averages
27.57
High
32.45
About BCE
BCE Inc. is a Canada-based communications company. The Company provides advanced Bell broadband Internet, wireless, television (TV), media and business communications services. The Company operates through two segments: Bell Communication and Technology Services (Bell CTS) and Bell Media. The Bell CTS segment includes providing a range of communication products and services to consumers, businesses and government customers across Canada; wireless products and services; wireline products and services, and its wholesale business. Its brands include Bell, Bell MTS, Bell Aliant, Virgin Plus, Fibe, Lucky Mobile and Northwestel. The Bell Media segment is a media and entertainment company with a portfolio of assets in video, audio and OOH advertising, and digital media, monetized through traditional and digital platforms. The Company also serves customers in the United States Pacific Northwest through Ziply Fiber.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Preferred Share Conversion: BCE announced that all floating-rate Cumulative Redeemable First Preferred Shares, Series AN will be converted to fixed-rate Series AM on March 31, 2026, ensuring shareholders receive more stable returns post-conversion.
- Conversion Statistics: To date, 2,276 Series AM shares and 348,545 Series AN shares have been tendered for conversion, indicating investor preference for fixed income, which may impact future shareholder structure and capital costs.
- Dividend Payment Arrangement: Series AM shares will pay a quarterly cash dividend at an annual rate of 4.837% starting March 31, 2026, enhancing BCE's appeal in capital markets and potentially attracting more investor participation.
- Market Impact Analysis: This conversion will reduce the outstanding Series AN shares to below 1 million, triggering an automatic conversion mechanism, further solidifying BCE's position in the preferred share market and enhancing the stability of its capital structure.
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- Preferred Share Conversion: BCE has announced that all floating-rate Cumulative Redeemable First Preferred Shares, Series AN will be converted into fixed-rate Series AM on March 31, 2026, ensuring shareholders benefit from stable returns post-conversion.
- Conversion Numbers: Currently, 2,276 Series AM shares and 348,545 Series AN shares have been tendered for conversion, indicating investor preference for fixed income, which may impact the future shareholder structure.
- Dividend Payment Structure: The Series AM Preferred Shares will pay a fixed quarterly cash dividend starting March 31, 2026, at an annual rate of 4.837%, providing investors with predictable cash flow and enhancing their attractiveness.
- Market Position and Outlook: As Canada's largest communications company, BCE continues to maintain its competitive edge by offering advanced fiber and wireless network services, and this equity structure adjustment is expected to further solidify its leadership position in the industry.
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- Preferred Share Conversion: BCE announced that all floating-rate Cumulative Redeemable First Preferred Shares, Series AN will be converted into fixed-rate Series AM on March 31, 2026, ensuring shareholders benefit from stable returns post-conversion.
- Conversion Statistics: To date, 2,276 Series AM shares and 348,545 Series AN shares have been tendered for conversion, indicating investor preference for fixed income, which may impact future shareholder structure.
- Dividend Payment Structure: Series AM shares will pay a quarterly cash dividend at an annual rate of 4.837% starting March 31, 2026, enhancing BCE's appeal in capital markets and likely attracting more investor interest.
- Strengthened Market Position: As Canada's largest communications company, BCE further solidifies its leadership in advanced networks and digital media through this preferred share conversion, driving ongoing growth in global competition.
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- Data Center Development: CoreWeave and Cerebras are partnering with BCE to construct a 300 MW AI data center in Saskatchewan, which is set to become Canada's largest purpose-built AI facility, significantly enhancing the nation's AI infrastructure capabilities.
- Technological Collaboration: Cerebras will supply chips for AI inference and training, while CoreWeave will deploy Nvidia's GPU systems, ensuring the data center is equipped with robust AI computing power to meet the growing market demand.
- Sustainability Initiatives: The data center will utilize a closed-loop cooling system that does not draw from municipal water sources and plans to recycle waste heat for nearby universities and development projects, showcasing BCE's commitment to advancing sustainable technology.
- Strategic Importance: BCE CEO Mirko Bibic emphasized that building digital infrastructure is crucial for powering the future of the Canadian economy, highlighting the company's leadership position and strategic priorities in AI-powered solutions.
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- Executive Speaking Engagement: Curtis Millen, CFO of BCE Inc., will participate in a fireside chat at the Desjardins Montréal Conference on March 17, 2026, at 9:00 AM, highlighting the company's leadership in the communications sector.
- Network Technology Leadership: As Canada's largest communications company, BCE drives the application of advanced fiber and wireless networks, enterprise services, and digital media, ensuring customer connectivity and information access.
- Cloud and AI Solutions: BCE leverages cloud-based and AI-driven solutions to enhance customer experience while enabling businesses to compete globally, further solidifying its market position.
- Live Webcast Availability: The fireside chat will be available via live webcast on BCE's website, ensuring that investors and the public can access real-time updates on the company's latest developments and strategic direction.
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- Executive Speaking Engagement: Curtis Millen, CFO of BCE Inc., will participate in a fireside chat at the Desjardins Montréal Conference on March 17, 2026, at 9:00 AM, showcasing the company's leadership in the communications sector.
- Network Technology Leadership: BCE is Canada's largest communications company, leveraging advanced fibre and wireless networks, enterprise services, and digital media to enhance customer connectivity and information access, thereby strengthening its competitive position in the market.
- Innovation-Driven Technology: The company utilizes cloud-based and AI-driven solutions to deliver next-generation technology, ensuring customers remain competitive on the global stage and further solidifying its market position.
- Live Webcast Availability: The session will be available via live webcast on BCE's website, allowing investors and the public to access the latest company updates in real-time, enhancing transparency and engagement.
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