Bell Canada (“Bell”) announced today that, in connection with its previously announced consent and proxy solicitation (the “Solicitation”) seeking approval of proposed amendments (the “Proposed Amendments”) to its trust indenture dated as of July 1, 1976 (as amended or supplemented, the “1976 Indenture”), the special meeting (the “Meeting”) of holders (“Debentureholders”) of outstanding debentures listed below (the “Debentures”), issued under the 1976 Indenture will be held on November 12, 2021.
The Proposed Amendments are described in detail in Bell’s consent and proxy solicitation statement dated September 29, 2021 (the “Solicitation Statement”), available on Bell’s SEDAR profile at www.sedar.com and on BCE Inc.’s website at www.bce.ca.
As previously announced, the Meeting of Debentureholders will take place on November 12, 2021 at 10:00 am Eastern in a virtual-only live webcast format accessible at BCE.ca/DebentureholderMeeting2021 and at BCE.ca/Assembleedetenteursdebentures2021.
Debentureholders holding more than 50% of the outstanding principal amount of Debentures have submitted proxy voting instructions and, accordingly, a quorum will be present for the Meeting. At the Meeting, approval of the Proposed Amendments will require holders of not less than 66 2/3% of the principal amount of Debentures represented and voted at the Meeting (in person or by proxy) to vote in favour of the Proposed Amendments.
Debentures under the 1976 Indenture
Series |
CUSIP |
10% Debentures, Series EH, due November 15, 2041 |
N/A |
9.7% Debentures, Series EJ, due December 15, 2032 |
078149DK4 |
9.25% Debentures, Series EO, due May 15, 2053 |
078149DN8 |
10% Debentures, Series EU, due December 1, 2054 |
078149DR9 |
7% Debentures, Series EZ, due September 24, 2027 |
078149DW8 |
This news release is neither a solicitation of consents or proxies nor an offer to purchase Debentures or to sell any securities. The Solicitation is being made solely pursuant to the Solicitation Statement.
BMO Nesbitt Burns Inc. acted as the Solicitation Agent for the Solicitation. D.F. King Canada, now part of TMX Group, acted as the Information Agent for the Solicitation.
About Bell
Bell is Canada’s largest communications company, providing advanced broadband wireless, TV, Internet, media and business communication services throughout the country. Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To learn more, please visit Bell.ca or BCE.ca.
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 with a commitment to the highest environmental, social and governance (ESG) standards. This includes the Bell Let’s Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let’s Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Bell.ca/LetsTalk.
Media Inquiries:
Marie-Eve Francoeur
514-391-5263
marie-eve.francoeur@bell.ca
Investor Inquiries:
Thane Fotopoulos
514-870-4619
thane.fotopoulos@bell.ca