Exhibit 99.1
BCE implements amendments to its Shareholder Dividend Reinvestment Plan to
permit discount for treasury issuances; 2% discount to apply starting with
reinvestment of dividend payable on January 15, 2025
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled
Caution Concerning Forward-Looking Statements later in this release.
MONTRÉAL, November 18, 2024
BCE Inc. (TSX, NYSE: BCE) announced today that it has implemented the previously announced amendments to its Shareholder Dividend Reinvestment and Stock Purchase Plan (the DRP) to permit, at the BCE Boards discretion,
for the issuance of new common shares from treasury at a discount to the volume weighted average trading price of the common shares for the five trading days immediately preceding the applicable dividend payment date (the Average Market
Price).
Commencing with the previously declared dividend payable on January 15, 2025 to eligible holders of common shares as of the
December 16, 2024 record date, and subsequently until further notice, common shares distributed under the DRP will be issued from treasury at a discount of 2% to the Average Market Price. The discount will not apply to purchases made pursuant
to optional cash payments.
Common shares delivered to participants under the DRP in reinvestment of cash dividends were previously purchased by
BCEs agent, TSX Trust Company (the Agent), on the secondary market with cash provided by BCE. The equity issuances anticipated from implementing a discounted DRP are expected to enable BCE to retain cash to help fund strategic
growth initiatives and strengthen the balance sheet.
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. The annual limit of optional cash payments, in the form of cash or dividends on preferred shares, has been increased from Cdn$20,000 to Cdn$40,000.
Existing participants in the DRP will automatically have the discount applied to the reinvestment of the dividend payable to holders of common shares on
January 15, 2025. Registered shareholders of BCE common shares resident in Canada or the United States wishing to join the DRP can obtain an enrollment form at
www.tsxtrust.com/bce/drip, or by contacting the Agent (Tel: 1-800-561-0934 (Toll free in Canada and the U.S.) or bce@tmx.com), or on BCEs website at
https://bce.ca/investors/shareholder-info/dividend-reinvestment-plan. In order to participate in time for the dividend
payable on January 15, 2025, enrollment forms from registered holders of common shares must be received by the Agent before the close of business on December 16, 2024. 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.
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 incorporating the latest amendments is available on BCEs website at
https://bce.ca/investors/shareholder-info/dividend-reinvestment-plan, on SEDAR+ at www.sedarplus.ca, and on the website of the Agent at
www.tsxtrust.com/bce/drip.
Notice to
United States Investors
This communication does not constitute an offer to sell or the solicitation to buy securities. Since DRP participants
may receive newly issued common shares pursuant to the DRP, BCE has filed a registration statement with the U.S. Securities and Exchange Commission (the SEC) to register sales of such newly issued common shares in the United States. A
copy of the prospectus relating to such sales is available on the SECs website at www.sec.gov, and on BCEs website at https://bce.ca/investors/shareholder-info/dividend-reinvestment-plan as well as on the website of the