CALGARY, Aug. 1, 2013 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the "Company") (TSX:AHF) is pleased to announce that a quarterly cash dividend in
the amount of $0.0125 per Common Share will be payable on August 23,
2013 to all Aston Hill shareholders of record on August 14, 2013. The
resulting ex-dividend date for the Common Shares will be August 12,
2013. This dividend is an eligible dividend for Canadian income tax
On July 30, 2013, in connection with the Company's previously announced
proposed acquisition of an 80% interest in Connor, Clark & Lunn Capital
Markets Inc. (the "Acquisition"), the Company filed a final prospectus providing for the issuance of
subscription receipts. As the Company's offering of subscription
receipts is currently scheduled to close on August 7, 2013, if the
subscription receipts are outstanding and have not been converted into
underlying Common Shares as of the record date for the dividend,
provided that the Acquisition is completed, holders of subscription
receipts will be entitled to receive, on the later of August 23, 2013
and the third business day following date of closing of the
Acquisition, an amount equal to the dividend per Common Share for each
subscription receipt held.
Aston Hill 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. The Company is also engaged
in the administration of Argent Energy Trust. Aston Hill has offices in
Calgary, Toronto and Halifax.
The TSX has neither approved nor disapproved the information contained
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, 2012, 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 Asset Management Inc.
For further information:
Chief Executive Officer
Aston Hill Financial Inc.
Vice President and CFO
Aston Hill Financial Inc.