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CALGARY, Feb. 10 /CNW/ - Aston Hill Financial Inc. (the "Company" or
"Aston Hill") (TSXV: AHF) is pleased to announce that Catapult Financial
Management Inc. ("Catapult") a wholly owned subsidiary of Aston Hill, has
entered into a Portfolio Management Agreement with First Asset Investment
Management Inc. to actively manage the Preferred Share Investment Trust (the
The Trust filed a preliminary prospectus with the securities regulatory
authorities of all of the Canadian provinces for an initial public offering of
trust units (the "Units"). The Trust has been created to invest in an actively
managed portfolio (the "Portfolio") comprised primarily of investment grade
preferred shares and to a lesser extent investment grade corporate debt and
convertible bonds in order to provide Unitholders with the opportunity for
growth of their investment value through any capital appreciation of the
Portfolio and quarterly distributions.
The Portfolio will be actively managed by Catapult with Mr. Ben Cheng as
lead portfolio manager. First Asset Investment Management Inc. will act as the
manager of the Trust. The Trust's investment objectives are: (a) to provide
Unitholders with quarterly distributions, estimated to initially provide an
annual yield of 7.0% based on the original issue price; and (b) to provide
Unitholders with the opportunity for capital appreciation from the performance
of the Portfolio.
Aston Hill is an asset management company with expertise in the energy
sector, income products, oil and gas property management and private equity.
Aston Hill has offices in Calgary and Toronto.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: concerning this Press Release, please contact:
ASTON HILL FINANCIAL INC., Ben Cheng, President, (416) 861-9152; Eric
Tremblay, Chief Executive Officer, (403) 770-4817