Bell Aliant Inc's Bell Aliant Preferred Equity Inc Announces Closing Of Over-Allotment Option For Series E Preferred Shares

Bell Aliant Inc announced that its subsidiary, Bell Aliant Preferred Equity Inc. (the Company), has closed the sale of an additional 1,200,000 4.25% Cumulative five-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 $30 million. This follows the exercise in full by the underwriters of the over-allotment option in connection with the Company's previously announced bought deal public offering of Series E Preferred Shares (the Offering) led by Scotiabank, TD Securities Inc. and CIBC. As a result of the exercise of the over-allotment option, the aggregate gross proceeds to the Company pursuant to the Offering now total $230 million. The Series E Preferred Shares began trading on the TSX under the symbol BAF.PR.E on February 14, 2013.