BCE Cancels Discounted Treasury Issuance for Dividend Reinvestment Plan

Dow Jones

2025/05/08

By Adriano Marchese

BCE said it will stop issuing common shares from the treasury at a discounted rate as part of its shareholder dividend reinvestment and stock purchase plan.

The Canadian telecom giant said that instead of its discounted DRP program, which offered a 2% discount to the average market price, shares will instead be purchased by BCE's agent, TSX Trust Company, on the secondary market with cash provided by BCE.

The modifications will take effect alongside the dividend payment on July 15.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 08, 2025 06:41 ET (10:41 GMT)

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