BCE's Preferred Series AA Shares Cross 6.5% Yield Mark

In trading on Tuesday, shares of BCE Inc.'s Cumulative Redeemable First Preferred Shares, Series AA (Toronto: BCE-PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $0.8625), with shares changing hands as low as $12.92 on the day. As of last close, BCE.PRA was trading at a 46.60% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.