BCE.PR.S / BCE.PR.T Conversion Count Announced

BCE has announced that, of the 8-million BCE.PR.S shares currently outstanding, 5,918,209 will be converted to BCE.PR.T on November 1.

BCE.PR.T has commenced trading on the TSX today, quoted at $24.75-25, 5×5, zero volume. This issue will be added to the HIMIPref™ database shortly. As previously noted, the BCE.PR.T will pay $1.1255 per $25 p.v. share. There is an offer for both issues that is conditional upon the BCE / Bell Canada Income Trust Conversion proceeding.

This entry was posted on Monday, October 23rd, 2006 at 8:07 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “BCE.PR.S / BCE.PR.T Conversion Count Announced”

  1. PrefBlog » Blog Archive » BCE.PR.T Added to HIMIPref™ database says:
    October 24, 2006 at 9:56 pm

    […] What can I say about this issue that I haven’t already said? The issue still hasn’t traded, despite BCE’s eagerness to get some when-issued trading started … but there will be more than 6-million shares out come November 1, so things should pick up a little! […]

  2. PrefBlog » Blog Archive » December 13, 2006 says:
    December 13, 2006 at 11:16 pm

    […] Scotia crossed 425,000 at $25.40 in Cash trade. About time someone traded this recent conversion in size! […]

  3. BCE.PR.T to Reset Dividend Rate to 3.393% « PrefBlog says:
    October 12, 2011 at 5:14 pm

    […] the interim. The annual dividend will be 0.84825 commencing November 1, down dramatically from the issue rate of 1.1255, which will probably cause some […]

Leave a Reply

You must be logged in to post a comment.