BCE.PR.G BCE Inc Preferred Shares Series AG

The following is a set of excerpts from the prospectus document for the Series AG preferreds. The excerpts, highlight the most relevant information, an investor should know when analyzing this preferred. A link to the prospectus is provided lower in this page. The original document for BCE.PR.G BCE Inc Preferred Shares Series AG was used for the excerpts and the important information was highlighted for quick access.

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Excerpt: Size and initial yield

March 21, 2001 Bell Canada $350,000,000 14,000,000 Shares Cumulative Redeemable Class A Preferred Shares, Series 17 Until May 1, 2006, the Cumulative Redeemable Class A Preferred Shares, Series 17 (the “”Series 17 Preferred Shares”) will be entitled to Ñxed cumulative preferred cash dividends of $1.3125 per share per annum, as and when declared by the board of directors of Bell Canada, which will accrue from the date of issue and will be payable quarterly on the Ñrst day of February, May, August and November in each year with the initial dividend, if declared, payable on May 1, 2001 in the amount of $0.11507 per share. See “”Details of the OÅering”. Thereafter, for the initial Subsequent Fixed Rate Period, commencing on May 1, 2006 and ending on and including April 30, 2011 and for each succeeding Subsequent Fixed Rate Period, commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including April 30 in the Ñfth year thereafter, the Series 17 Preferred Shares will be entitled to Ñxed cumulative preferred cash dividends, as and when declared by the board of directors of Bell Canada. Bell Canada shall determine on the 25th day prior to the Ñrst day of each Subsequent Fixed Dividend Rate Period the annual dividend rate for each Subsequent Fixed Dividend Rate Period, which shall not be less than 80% of the Ñve-year Government of Canada Yield, and give notice thereof. See “”Details of the OÅering”. Conversion into a Further Series of Preferred Shares Holders of Series 17 Preferred Shares will have the right to convert their shares into Cumulative Redeemable Class A Preferred Shares, Series 18 of Bell Canada (the “”Series 18 Preferred Shares”), subject to certain conditions, on May 1, 2006 and every Ñve years thereafter. See “”Details of the OÅering”. On May 1, 2006 or on May 1 in every Ñfth year thereafter, Bell Canada may redeem for cash the Series 17 Preferred Shares, in whole but not in part, at Bell Canada’s option, at $25.00 per share plus accrued and unpaid dividends. See “”Details of the OÅering”. Of the 14,000,000 Series 17 Preferred Shares oÅered by this short form prospectus, 5,400,000 Series 17 Preferred Shares will be issued to speciÑed purchasers at a price of $25.00 per share to be paid to Bell Canada from the proceeds of the redemption of the $135,000,000 Perpetual Cumulative Reset Redeemable Class A Preferred Shares, Series 14 of Bell Canada. No underwriting fee will be paid in respect of the sale of the Series 17 Preferred Shares to such parties. See “”Plan of Distribution”. The Toronto Stock Exchange has conditionally approved the listing of the Series 17 Preferred Shares. Listing is subject to Bell Canada fulÑlling all the requirements of the Exchange on or before June 13, 2001 including distribution of the securities to a minimum number of public shareholders.

Excerpt: Reset Date and Yield Terms

Principal Characteristics of Series 17 Preferred Shares Dividends: Until May 1, 2006, cumulative preferred cash dividends at an annual rate equal to the Initial Yield will, if declared, be payable quarterly on the Ñrst day of February, May, August and November in each year. Assuming an issue date of March 30, 2001, an initial dividend, if declared, of $0.11507 per share will be payable on May 1, 2001. From May 1, 2006, for the initial Subsequent Fixed Rate Period, commencing on May 1, 2006 and ending on and including April 30, 2011, and for each succeeding Subsequent Fixed Rate Period, commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including April 30 in the Ñfth year thereafter, the Series 17 Preferred Shares will be entitled to Ñxed cumulative preferred cash dividends, as and when declared by the board of directors of Bell Canada. Bell Canada shall determine on the 25th day prior to the Ñrst day of each Subsequent Fixed Rate Period the annual dividend rate for each Subsequent Fixed Rate Period and give notice thereof. Such annual dividend rate shall not be less than 80% of the Ñve-year Government of Canada Yield determined on the 25th day prior to the Ñrst day of each Subsequent Fixed Rate Period.

Excerpt: Conversion Terms

strong>Conversion into Series 18 Preferred Shares: Holders of Series 17 Preferred Shares will, subject to the automatic conversion provisions, have the right to convert, on May 1, 2006 and on May 1 every Ñve years thereafter (a “”Conversion Date”), their shares into an equal number of Series 18 Preferred Shares upon giving to Bell Canada notice thereof not earlier than 45 days prior to, but not later than the close of business on the 10th day preceding, a Conversion Date.
Principal Characteristics of Series 18 Preferred Shares Dividends: From May 1, 2006, Öoating adjustable cumulative preferred cash dividends, if declared, will be payable monthly on the twelfth day of each month following the month of May 2006, with the annual Öoating dividend rate for the Ñrst month equal to 80% of Prime. The dividend rate will Öoat in relation to changes in Prime and will be adjusted upwards or downwards on a monthly basis whenever the Calculated Trading Price of the Series 18 Preferred Shares is $24.875 or less or $25.125 or more respectively. The maximum monthly adjustment for changes related to the Calculated Trading Price will be 4.00% of Prime. However, the annual Öoating dividend rate applicable in a month will in no event be less than 50% of Prime or greater than Prime.