An anonymous director reports
BCE IMPLEMENTS CHANGES IN CONNECTION WITH ITS SHAREHOLDER DIVIDEND REINVESTMENT PLAN; TERMINATION OF DISCOUNTED TREASURY ISSUANCES
The board of directors of BCE Inc. has approved certain modifications to BCE's shareholder dividend reinvestment and stock purchase plan (DRP), whereby common shares distributed under the DRP will no longer be issued from treasury at a 2-per-cent discount to the average market price and will instead be purchased by BCE's agent, TSX Trust Company, on the secondary market with cash provided by BCE. The modifications will be effective commencing with the dividend payable on July 15, 2025, to eligible holders of common shares as of the June 16, 2025, record date, and subsequently until further notice.
The DRP continues to offer a convenient means for eligible holders of BCE common shares to acquire additional common shares without charge for any commission or brokerage fees by reinvesting the cash dividends on their respective holdings of common shares or by making optional cash payments in the form of cash or dividends on BCE preferred shares.
Existing participants in the DRP will continue to be enrolled into the DRP for the dividend payable to holders of common shares on July 15, 2025, unless they terminate their participation under the DRP. In order to terminate their participation in the DRP or withdraw common shares, requests for termination or withdrawal of shares from registered holders of common shares must be received by the agent before 4 p.m. ET on June 9, 2025. Beneficial owners of BCE common shares (shareholders who hold their shares through a financial institution, broker or other intermediary) should consult with the intermediary well in advance of that date to determine how to participate in the DRP or withdraw shares or terminate their participation under the DRP.
Participation in the DRP is optional. Eligible shareholders who have not elected to participate in the DRP will continue to receive their regular cash dividends in the usual manner. A copy of the DRP is available on the investor page on BCE's website, on SEDAR+ and on the website of the agent.
Notice to United States investors
A copy of the prospectus relating to the DRP is available on the U.S. Securities and Exchange Commission's website, BCE's website as well as the agent's website.
The common shares of BCE offered under the DRP outside the United States will not be registered under the United States Securities Act of 1933.
About BCE Inc.
BCE is Canada's largest communications company, providing advanced Bell broadband Internet, wireless, television, media and business communication services.
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