Bell Aliant Inc Announces Closing Of Preferred Share Offering

Bell Aliant Inc announced that its subsidiary, Bell Aliant Preferred Equity Inc. (the Company), has closed the sale of 8,000,000 4.25 per cent Cumulative 5-Year Rate Reset Series E Preferred Shares (the Series E Preferred Shares) at a price of $25.00 per Series E Preferred Share for total gross proceeds of $200 million. This follows the Company's previously announced bought deal public offering led by Scotiabank, TD Securities Inc, and CIBC. The Series E Preferred Shares begin trading on the TSX under the symbol BAF.PR.E.