TORONTO, June 19, 2014 /CNW/ - Aston Hill Capital Markets Inc. ("Aston Hill") as Manager of Canadian Banc Capital Securities Trust (the "Fund") announced today that the final condition required to extend the term of the Fund for an additional five years to June 30, 2019 has been met. Holders ("Unitholders") of the Fund's units (the "Units") previously approved the extension subject to the condition that holders of at least 925,000 Class A Units must retain their Units, and not redeem them on June 30, 2014, which condition has been met.
Unitholders continuing their investment in the Fund will enjoy the benefit of quarterly distributions and the potential for capital appreciation of the Fund's investment portfolio.
The Class A Units of the Fund are listed for trading on The Toronto Stock Exchange under the symbol CSB.UN.
Aston Hill is a leading Canadian structured financial products investment firm focused on creating and managing high quality investment vehicles. The Manager is a 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.
SOURCE: Aston Hill Capital Markets 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.