Re: Bell Canada: Catalyst Asset Management is hosting a Toll Free Conference Call on Monday June 25th at 4:30 PM Eastern Time to Review the Benefits to Bell Canada Stakeholders of the Proposed Catalyst Transaction

    TORONTO, June 25 /CNW/ - Catalyst Asset Management has proposed a
recapitalization of Bell Canada involving the issuance of Stapled Securities
in exchange for outstanding common shares of Bell Canada on a one for one
basis. A description of the transaction is available on line at
    To review in greater detail the benefits of the proposed Catalyst
Transaction, Catalyst will be hosting a toll free conference call on Monday
June 25th at 4:30 PM Eastern Time which is open to all interested parties.
Participating from Catalyst Asset Management will be Brent Fullard, Executive
Managing Director, who will provide a summary overview of the proposed
transaction followed by questions from participants. The call in details are
as follows:

    Toronto participants: 416 644-3422
    North American participants: 800 257-3401
    United Kingdom participants: 00 800 0000 2288

    The conference call will be recorded and available for replay by calling:

    Toronto replay: 416-640-1917
    Passcode 21238065 followed by the pound sign

    North American replay: 877-289-8525
    Passcode 21238065 followed by the pound sign

    The following are the summary benefits associated with the Proposed
Catalyst transaction:

    -  preserves existing Canadian ownership and control of Bell Canada
    -  preserves existing competitive landscape in this key sector of the
       Canadian economy that touches all Canadians and businesses
    -  beneficial outcome to all stakeholder groups including customers,
       employees, union, management, debtholders and preferred shareholders
    -  preserves Bell Canada Head Office in Montreal
    -  beneficial outcome to all Canadians and Canada
    -  maximizes tax collection to Ottawa from the earnings of Bell Canada
    -  value maximization alternative for Bell Canada common shareholders
       through use of Stapled Securities and the enhanced annual income of
       $2.55 per existing Bell Canada common share, a 74% increase from Bell
       Canada's current annual dividend of $1.46
    -  eliminates "reinvestment" risk for Bell Canada common shareholders
    -  allows existing Bell Canada common shareholders to participate in
       ongoing future growth of Bell Canada
    -  tax efficient transaction via a share exchange that places retail
       investors on a more equal footing with large pension fund investors
    -  preserves financial flexibility for Bell Canada to continue with
       significant capital reinvestment in its core businesses to remain a
       leading and growing competitor
    -  no regulatory or timing risk when compared with alternative private
       equity and merger alternatives that will involve extensive
       parliamentary, regulatory, CRTC and competition review with an
       uncertain outcome and uncertain timing
    -  zero transaction risk as transaction is self funding

For further information:

For further information: Catalyst Asset Management Inc., (647) 505-2224

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Catalyst Asset Management Inc.

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