ING Floating Rate Senior Loan Fund normal course issuer bid

TORONTO, March 17, 2014 /CNW/ - (TSX: ISL.UN & ISL.U) ING Floating Rate Senior Loan Fund (the "Fund") will commence its normal course issuer bid to purchase up to 2,255,587 Class A units and 574,428 Class U units of the Fund representing approximately 10% of the public float of 22,555,872 Class A units and 5,744,286 Class U units. The Fund may purchase up to 451,753 Class A units and 114,885 Class U units in any 30 day period which is 2% of the issued and outstanding unit balance of 22,587,672 Class A units and 5,744,286 Class U units at March 7, 2014.

Both Class A and Class U units may be purchased for cancellation from March 19, 2014 to March 18, 2015 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per Class A and Class U unit not exceeding the last published net asset value per Class A and Class U unit.  The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Further information on the Fund is available at www.astonhill.ca.

SOURCE Aston Hill Asset Management Inc.

For further information:

Neil Murdoch
Chief Executive Officer
77 King Street West
Suite 2110, PO Box 92
Toronto-Dominion Centre
Toronto, ON M5K 1G8
nmurdoch@astonhill.ca
Tel: (416) 583-2300