BCE's Series AJ Preferred Shares Cross 5% Yield Mark

In trading on Friday, shares of BCE Inc's Series AJ Preferred Shares (Toronto: BCE-PRJ) were yielding above the 5% mark based on its monthly dividend (annualized to $0.675), with shares changing hands as low as $13.49 on the day. As of last close, BCE.PRJ was trading at a 46.78% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.