Bell Aliant Inc. and Bell Aliant Regional Communications Income Fund announced on Jan. 1 the completion of the fund’s conversion from an income trust to a corporation. “The new structure will reduce our administrative costs and complexity from that of the trust structure and will make us more comparable to our peers,” Bell Aliant president and chief executive officer Karen Sheriff said in a release. BCE Inc.’s 44.1 per cent ownership interest remains unchanged by the conversion. Bell Aliant Inc. common shares begin trading on the Toronto Stock Exchange on Tuesday. Bell Aliant also announced on Jan. 1 it has completed the sale of its Xwave division to Bell. Xwave offers advanced technology solutions and IT professional services, including e-health solutions. Bell said in a release the $40-million acquisition enhances its business market's portfolio of IT product and professional solutions for corporate, government and health-care clients.