TORONTO, Nov. 10, 2011 /CNW/ - (TSX: VIP.UN) Aston Hill VIP Income Fund has renewed its normal course issuer bid to
purchase up to 3,627,200 units of the Fund representing approximately
10% of the public float of 36,272,452 units. The Fund may purchase up
to 725,449 units in any 30 day period which is 2% of the 36,272,452
issued and outstanding units at November 2, 2011.
As of November 2, 2011, the Fund had purchased 262,100 units under its
current bid at an average price of $9.19 per unit.
The units may be purchased for cancellation from November 10, 2011 to
November 9, 2012 through the facilities of the TSX or other eligible
alternative market and may only be purchased at a price per unit not
exceeding the last published net asset value per 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.
SOURCE Aston Hill Management Limited
For further information:
Further information on the Fund is available at www.astonhill.ca .
Michael J. Killeen
Aston Hill Management Limited