Aston Hill Advantage VIP Income Fund renews normal course issuer bid

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, 2012.

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

Michael J. Killeen
Aston Hill Asset Management Inc.
(416) 861-9152

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