Arnhold and S. Bleichroeder Advisers Announces 17.16% Interest in Amtelecom Income Fund

    NEW YORK, April 3 /CNW/ - Arnhold and S. Bleichroeder Advisers, LLC
announced today that accounts and funds managed by it currently hold
1,250,000 units (approximately 17.16% of the total outstanding) of Amtelecom
Income Fund. Of those units, 580,000 were acquired since February 28, 2007,
the date on which Bell Aliant Regional Communications, Limited Partnership
made an offer to purchase all of the outstanding units of Amtelecom Income
    All of the units of Amtelecom Income Fund currently held by the Arnhold
and S. Bleichroeder Advisers accounts and funds were acquired through the
Toronto Stock Exchange.
    The securities referred to above were acquired for investment purposes.
Arnhold and S. Bleichroeder Advisers, LLC may make additional purchases of
such securities in the future, also for investment purposes.

For further information:

For further information: Mark Goldstein, General Counsel, Arnhold and S.
Bleichroeder Advisers, LLC, 1345 Avenue of the Americas New York, NY, 10105,
(212) 698-3000

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