BCE INC

Ticker: BCE CUSIP: 05534B760 Class: COM NEW

PenderFund Capital Management Ltd.'s Holding History (CIK: 0001706164)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 352 Value ($000) $8 Avg Close $23.04 Range $21.89 - $24.26

Q3 2025

Shares 352 Value ($000) $8 Avg Close $23.52 Range $21.56 - $25.34

Q2 2024

Shares 1,758 Value ($000) $78 Avg Close $29.06 Range $27.65 - $30.22

Q1 2024

Shares 1,758 Value ($000) $81 Avg Close $32.49 Range $29.14 - $35.54

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	352	$8	$23.04	$21.89 - $24.26
Q3 2025	352	$8	$23.52	$21.56 - $25.34
Q2 2024	1,758	$78	$29.06	$27.65 - $30.22
Q1 2024	1,758	$81	$32.49	$29.14 - $35.54