/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES OF AMERICA./
TORONTO, Nov. 25, 2013 /CNW/ - Aston Hill Asset Management Inc., the
manager of Aston Hill VIP Income Fund (TSX: VIP.UN) and Aston Hill Oil & Gas Income Fund (TSX: OGF.UN) (each a "Fund" and together, the "Funds"), is pleased to announce that each of the Funds has filed a
preliminary prospectus for an offering of warrants of the Fund (the "Warrants") to unitholders of the Fund (the "Unitholders"). Each Unitholder of a Fund will receive one-half of one Warrant for
each unit of the Fund (a "Unit") held on a record date that will be determined prior to the filing of
the final prospectus.
One whole Warrant will entitle the holder to purchase a Unit of the Fund
upon payment of the subscription price, which will be determined as the
lesser of: (i) the sum of (a) the most recently calculated net asset
value per Unit of the Fund prior to the date of the preliminary
prospectus and (b) the estimated per Unit fees and expenses of the
offering of the Fund; and (ii) the most recently calculated net asset
value per Unit prior to the date of filing the final prospectus plus
the estimated per Unit fees and expenses of the offering of the Fund.
The Funds have applied to list the Warrants and the Units issuable on
the exercise thereof on the Toronto Stock Exchange.
The Warrants are not qualified for distribution in the United States of
America. Copies of the preliminary prospectuses have been filed on
SEDAR at www.sedar.com under the Funds' profiles.
Aston Hill Asset Management Inc., the manager of the Funds, 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
has offices in Calgary, Toronto and Halifax.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities nor will there be any sale
of such securities in any state in which such offer, solicitation or
sale would be unlawful.
SOURCE: Aston Hill Asset Management Inc.
For further information:
Please contact your financial advisor, call Aston Hill's Sales and Marketing support line at 416-583-2300 (toll-free at 1-800-513-3868), or visit our website at www.astonhill.ca.