Preferred Stock Channel
Bell Aliant Inc | Cumulative 5-Year Rate Reset Preferred Shares, Series E (BAF.PRE.CA)

Prospectus excerpt:  This short form prospectus qualifies the distribution (the “Offering”) of 8,000,000 Cumulative 5-Year Rate Reset Preferred Shares, Series E (the “Series E Shares”) of Bell Aliant Preferred Equity Inc. (the “Corporation”). The holders of the Series E Shares will be entitled to receive fixed, cumulative, preferential cash dividends, if, as and when declared by the Corporation’s board of directors (the “Board of Directors”) for the initial period from and including the closing date of this Offering up to but excluding September 30, 2018 (the “Initial Fixed Rate Period”) payable quarterly on the last Business Day (as defined herein) of March, June, September and December in each year at an annual rate of $1.0625 per share. The initial dividend, if declared, will be payable on June 30, 2013 and will be $0.3959 per share, based on the anticipated closing date of this Offering of February 14, 2013 (the “Closing Date”). See “Details of the Offering”.

For each five-year period after the Initial Fixed Rate Period (each, a “Subsequent Fixed Rate Period”), the holders of Series E Shares will be entitled to receive fixed, cumulative, preferential cash dividends, if, as and when declared by the Board of Directors, payable quarterly on the last Business Day of March, June, September and December in each year, in the amount per share per annum determined by multiplying the Annual Fixed Dividend Rate (as defined herein) applicable to such Subsequent Fixed Rate Period by $25.00. The Annual Fixed Dividend Rate for the ensuing Subsequent Fixed Rate Period will be equal to the sum of the Government of Canada Yield (as defined herein) on the 30th day prior to the first day of such Subsequent Fixed Rate Period plus 2.64%. See “Details of the Offering”.

Full Prospectus PDF », BA.CA Page »

Series:E
Alternate symbology:BAF-E.CA, BAF-PE.CA, BAFprE.CA
Redeemable?:Yes
Call Date:9/30/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Conversion Ratio:Subject to the Corporation’s right to redeem Series E Shares, the holders of Series E Shares will have the right, at their option, to convert their Series E Shares into Cumulative Floating Rate Preferred Shares, Series F (the “Series F Shares”, and together with the Series E Shares, the “Series E and F Preferred Shares”), subject to certain conditions, on September 30, 2018 and on September 30 every five years thereafter. The holders of Series F Shares will be entitled to receive floating rate cumulative preferential cash dividends, if, as and when declared by the Board of Directors, payable quarterly on the last Business Day of March, June, September and December in each year (the initial quarterly dividend period and each subsequent quarterly dividend period is referred to as a “Quarterly Floating Rate Period”), in the amount per share determined by multiplying the applicable Floating Quarterly Dividend Rate (as defined herein) by $25.00. The Floating Quarterly Dividend Rate will be equal to the sum of the T-Bill Rate (as defined herein) plus 2.64% (calculated on the basis of the actual number of days in the applicable Quarterly Floating Rate Period divided by 365) determined as of the 30th day prior to the first day of the applicable Quarterly Floating Rate Period. See “Details of the Offering”.
Shares Offered:8000000
Overallotment:1200000
Liquidation Preference:$25
Original Coupon:4.25%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn BAF.PRE.CA's Rating
Bell Aliant, through its subsidiaries, is engaged in the provision of telecommunications services in Atlantic Canada, Ontario and Quebec. Co. provides a range of information, communication and technology services including voice, data, Internet, video, wireless and value-added business solutions to its customers. Co.'s services include local and network access service; long distance toll services; data and internet including high-speed and dial-up access; and others including wireless, outsourcing, cable TV, telecommunications product sales and telephone set rentals.

Preferreds: BAF.PRA.CA, BAF.PRC.CA, BAF.PRE.CA


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Name:  Bell Aliant Inc
Website:  www.bellaliant.ca
Sector:  Communications Services

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