BCE Cumulative Redeemable First Preferred Shares Series AC (TSX: BCE.PR.C)

These preferreds were first issued in 2003 at $25.50. At the time, they paid a quarterly dividend of $0.34625 ($1.385 per year) to yield 5.4%. The dividend is reset every five years at not less than 80% of the five-year Government of Canada bond yield.