Aston Hill announces the launch of Aston Hill Energy Growth Class
/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES./
TORONTO, March 25, 2014 /CNW/ - Aston Hill Asset Management Inc. ("Aston Hill") is pleased to announce the launch of Aston Hill Energy Growth Class (the "Fund"). The Fund's objective is to achieve long-term capital appreciation by investing, directly or indirectly, primarily in equity securities of Canadian energy and resource issuers. The Fund seeks to achieve its investment objective by investing in shares of resource issuers engaged in oil and gas or mining exploration, development or production or energy production, including alternative energy production such as from wind, and that:
(i) have experienced management;
(ii) have a strong exploration program in place;
(iii) may require time to mature; and
(iv) offer potential for future growth.
The launch of the Fund is a result of the completion of the previously announced amalgamation of Aston Hill Resource Corp. with the assets of Aston Hill Corporate Funds Inc. (the "Amalgamation") which took place on March 24, 2014. The Amalgamation relates to the change of manager of Redwood Energy Growth Class from Redwood Asset Management Inc. to Aston Hill (the "Change of Manager") that was completed on January 1, 2014.
Aston Hill is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: AHF). Aston Hill Financial Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds. Aston Hill Financial Inc. has offices in Calgary, Toronto and Halifax.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein.
SOURCE Aston Hill Asset Management Inc.For further information:
Michael J. Killeen, President
Aston Hill Asset Management Inc.
Tel: (416) 583-2300