TORONTO, April 13, 2012 /CNW/ - (TSX: AV-UN) Aston Hill Advantage VIP Income Fund (the "Fund") has renewed its
normal course issuer bid to purchase up to 1,382,948 units of the Fund
representing approximately 10% of the public float of 13,829,485
units. The Fund may purchase up to 276,589 units in any 30 day period
which is 2% of the 13,829,485 issued and outstanding units at April 5,
As of April 6, 2012, the Fund had purchased 284,000 units under its
current bid at an average price of $9.66 per unit.
The units may be purchased for cancellation from April 14, 2012 to April
13, 2013 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 Asset Management Inc.
For further information:
Further information on the Fund is available at www.astonhill.ca.
Michael J. Killeen
Aston Hill Asset Management Inc.