The Program will give Canadian registered and beneficial holders of 99 or fewer Units and/or Predecessor Company Shares (i.e., an odd-lot) the opportunity to sell all, but not less than all, of their Units without incurring brokerage charges. The Fund's transfer agent, CIBC Mellon Trust Company, will facilitate the placement of sell orders with a broker (the Broker) and the execution of the Program. The price received by unitholders for their Units will be the average price received on all orders placed with the Broker for execution on a given day, regardless of when any individual orders are executed that day.
Bell Aliant offered a similar program in late 2007 which reduced the number of small unitholder accounts and Bell Aliant's unitholder administration costs. As Bell Aliant expects to incur increased unitholder communication costs associated with the expected conversion to a corporation by 2011, the Fund has decided to reoffer the program to further reduce the number of small unitholder accounts and mitigate unitholder administration cost increases. The Program is entirely voluntary and unitholders are advised to contact their broker or other financial adviser as to the suitability of participating.
Information concerning this Program and participation documents will be forwarded to eligible unitholders. Further information can be obtained by contacting Bell Aliant at 1-877-248-3113, or the Fund's transfer agent, CIBC Mellon Trust Company, by telephone, toll-free at 1-866-271-6893, or through e-mail at [email protected].
Forward-looking Statements
This news release contains forward-looking statements concerning anticipated future events and expectations, in particular regarding Bell Aliant's intention to initiate and complete a small unitholder selling program. Unless otherwise indicated, such forward-looking statements describe our expectations at
About Bell Aliant
Bell Aliant (TSX: BA.UN) is one of North America's largest regional communications providers and an Official Supporter of the
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For further information: Media Relations: Alyson Queen, (866) 696-6700, [email protected]; Investor Relations: Zeda Redden, (877) 487-5726, [email protected]
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