TORONTO, April 10, 2014 /CNW/ - (TSX: AV.UN) Aston Hill Advantage VIP Income Fund (the "Fund") has renewed its normal course issuer bid to purchase up to 1,107,693 units of the Fund representing approximately 10% of the public float of 11,076,938 units. The Fund may purchase up to 221,538 units in any 30 day period which is 2% of the 11,076,938 issued and outstanding units at April 2, 2014.
As of April 2, 2014, the Fund had purchased 58,900 units under its current bid at an average price of $10.27 per unit.
The units may be purchased for cancellation from April 14, 2014 to April 13, 2015 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: 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.