News

AltaGas Income Trust Closes $200 Million Medium-Term Note Offering

March 29, 2010

CALGARY, ALBERTA--(Marketwire - March 29, 2010) - AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced that it has completed its $200 million issue of senior unsecured medium term notes. The notes carry a coupon rate of 5.49 percent and mature on March 27, 2017.  The offering was made through a syndicate of investment dealers co-led by RBC Capital Markets and Scotia Capital Inc. under AltaGas' Short Form Base Shelf Prospectus dated June 5, 2009 and Prospectus Supplement dated June 22, 2009.  The unsecured medium-term notes are rated BBB by both Standard & Poor's Rating Services and DBRS Limited.  The net proceeds from the offering will be used to pay down existing bank indebtedness and for general corporate purposes.  AltaGas Income Trust is one of Canada's largest and fastest growing energy infrastructure organizations. The Trust creates value by acquiring, growing and optimizing gas and power infrastructure, including a focus on renewable energy sources.  AltaGas Income Trust's units are listed on the Toronto Stock Exchange under the symbol ALA.UN. The Trust is included in the S&P/TSX Composite Index, the S&P/TSX Income Trust Index and the S&P/TSX Capped Energy Trust Index.  This news release contains forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Trust or an affiliate of the Trust, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the use of proceeds from the offering of medium term notes. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Trust's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Trust's public disclosure documents. Many factors could cause the Trust's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as intended, planned, anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements included in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Trust does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Media AltaGas Income Trust Adrianne Lovric (403) 691-9873 adrianne.lovric@altagas.ca or Investment Community AltaGas Income Trust Sheena McKellar (403) 691-9855 sheena.mckellar@altagas.ca or AltaGas Income Trust Investor Relations 1-877-691-7199 www.altagas.ca