CALGARY, Nov. 23, 2011 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the "Company") (TSX:AHF) is pleased to announce that the Board of Directors of the
Company has approved the initiation of a regular quarterly cash
dividend to be paid to holders of its common shares ("Common Shares"). Payments of quarterly dividends will be made after the end of each
The first quarterly dividend in the amount of $0.01 per Common Share
will be payable on December 22, 2011 to all Aston Hill shareholders of
record on December 5, 2011. The resulting ex-dividend date for the
Common Shares will be December 1, 2011.
Aston Hill is in a strong cash position and as such, management and the
Board of Directors have elected to distribute a portion of the current
cash on hand.
Aston Hill is a diversified asset management company with a suite of
retail mutual funds, private equity funds, hedge funds and segregated
institutional funds. The Company is also engaged in oil and gas
property management. Aston Hill has offices in Calgary and Toronto.
Forward-Looking Statements: This news release contains certain "forward-looking statements" within
the meaning of such statements under applicable securities law.
Forward-looking statements are frequently characterized by words such
as "plan", "continue", "expect", "project", "intend", "believe",
"anticipate", "estimate", "may", "will", "potential", "proposed" and
other similar words, or statements that certain events or conditions
"may" or "will" occur. These statements are only predictions. Various
assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking statements throughout this
news release. Forward-looking statements are based on the opinions and
estimates of management at the date the statements are made, and are
subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those
projected in the forward-looking statements.
For a detailed description of the risks and uncertainties facing the
Company and its business and affairs, readers should refer to the
Company's annual financial statements and management discussion and
analysis for the year ended December 31, 2010, both of which are
available at www.sedar.com. The Company undertakes no obligation to
update forward-looking statements if circumstances or management's
estimates or opinions should change, unless required by law. The reader
is cautioned not to place undue reliance on forward-looking statements.
SOURCE Aston Hill Financial Inc.
For further information:
| Eric Tremblay |
Chief Executive Officer
Aston Hill Financial Inc.
| || || || || || || || || || || Larry Titley |
Vice President and CFO
Aston Hill Financial Inc.