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BCE Modifications to Dividend Reinvestment Plan

BCE Inc., one of Canada's leading telecommunications providers, recently announced changes to its Shareholder Dividend Reinvestment Plan (DRP) aimed at improving the process for existing and potential shareholders. This initiative comes as the company strives to enhance shareholder value while adapting to evolving market conditions.

Changes to the Plan

Previously, BCE offered shareholders the option to purchase common shares at a 2% discount from the average market price directly from treasury. However, the latest update indicates that this discount will no longer be applicable. Instead, the shares will now be procured by BCE’s designated agent, TSX Trust Company, on the secondary market using cash provided by BCE. This move is significant as it reflects BCE's effort to adapt its offerings in response to market dynamics.

The changes will take effect starting with the dividend distribution scheduled for July 15, 2025. Eligible shareholders with common shares recorded by June 16, 2025, will benefit from these adjustments unless they decide to opt-out of the DRP.

Benefits of the DRP

Despite the changes, the dividend reinvestment opportunity continues to provide a valuable path for eligible shareholders to increase their investment with no additional commission or brokerage fees. By reinvesting cash dividends or making optional cash contributions, shareholders can acquire more common shares in a straightforward manner.

Current DRP participants will remain enrolled for the next dividend distribution, unless they formally withdraw or terminate their participation by June 9, 2025. It’s essential for shareholders holding shares through financial institutions to coordinate with their brokers regarding participation in the DRP or any withdrawal requests they may have.

Ongoing Participation and Flexibility

Participation in the DRP is entirely optional. Shareholders who choose not to engage in the plan will still receive their customary cash dividends in the usual manner. This flexibility allows investors to make choices aligned with their financial strategies while enjoying the benefits that BCE's new terms provide.

For more information about the DRP or to view the complete terms, shareholders can visit BCE's investor relations page or the TSX Trust website. In addition, details regarding the DRP prospectus are available on the U.S. Securities and Exchange Commission website, ensuring transparent access to relevant documents.

BCE’s Commitment to Shareholders

BCE remains dedicated to fostering shareholder engagement through initiatives like the DRP while being responsive to market shifts. As Canada’s largest telecommunications company, BCE not only prioritizes shareholder interests but also contributes positively to community welfare through its various corporate social responsibility programs, such as the Bell Let's Talk initiative that addresses mental health awareness in the country.

In conclusion, these recent alterations to BCE’s Dividend Reinvestment Plan underline the company’s proactive approach in providing enhanced benefits to their shareholders. Stakeholders are encouraged to stay informed about these updates as they can significantly impact individual investment strategies moving forward.