Form 6-K BCE INC To: October 19


Exhibit 1

For immediate release

BCE reports results of Series S and T preferred share conversions

MONTREAL, October 19, 2021 BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that 9,593 of its 4,486,552 Fixed Rate Redeemable First Preferred Shares, Series T (?? shares) Preferred Series T ??) were the subject of a call for tenders for conversion on November 1, 2021, on a one for one on a Floating Rate Redeemable First Preferred Share basis, Series S (?? Preferred Shares Series S ??). In addition, 1,393,174 of its 3,511,848 Series S preferred shares were tendered for conversion on November 1, 2021, at a one for one base, in Series T preferred shares. Accordingly, on November 1, 2021, BCE will have 5,870,133 Series T preferred shares and 2,128,267 Series S preferred shares issued and outstanding. The Series T Preferred Shares and the Series S Preferred Shares will continue to trade on the Toronto Stock Exchange under the symbols BCE.PR.T and BCE.PR.S, respectively.

The Series T preferred shares will pay quarterly, for the five-year period beginning November 1, 2021, as declared by the board of directors of BCE, a fixed cash dividend based on an annual fixed dividend rate. by 4.990%.

The Series S preferred shares will continue to pay an adjustable and variable monthly cash dividend for the five-year period beginning November 1, 2021, as declared by the board of directors of BCE. The variable monthly adjustable dividend for a given month will continue to be calculated based on the prime rate for that month and using the designated percentage for that month representing the sum of an adjustment factor (based on the market price of the shares Preferred Series S in the previous month) and the Designated Percentage for the previous month.

About BCE

BCE is Canada’s largest communications company, providing advanced Bell wireless broadband, Internet, TV, media and business communications services. For more information, please visit or

Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities. This includes the Bell Let’s Talk initiative, which promotes mental health in Canada with national awareness and anti-stigma campaigns like Bell Let’s Talk Day and significant funding from Bell for Care. and community access, research and workplace initiatives across the country. For more information, please visit’s Talk.

Media inquiries:

Marie-Eve Francoeur


[email protected]

Investor requests:

Investor Relations


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