Aston Hill Asset Management Inc. Declares Distributions
TORONTO, April 21, 2014 /CNW/ - Aston Hill Asset Management Inc. (the "Manager") announces monthly distributions for record dates from April to June 2014 for each of the following funds:
Fund Name |
TSX Ticker |
Amount per Unit |
Aston Hill Advantage Oil & Gas Income Fund |
AOG.UN OGF.UN AV.UN VIP.UN MBB.UN |
$0.02250 $0.02250 $0.04750 $0.04500 $0.05833 |
Record dates and payment dates are as follows:
Record Date April 30, 2014 |
Payment Date |
May 14, 2014 |
|
May 30, 2014 |
June 13, 2014 |
June 30, 2014 |
July 15, 2014 |
Aston Hill VIP Income Fund and Aston Hill Oil & Gas Income Fund Warrants
Warrants distributed to unitholders of Aston Hill VIP Income Fund ("VIP") and Aston Hill Oil & Gas Income Fund ("OGF") are currently in-the-money, meaning that units of both funds can be purchased for less than market value through exercise of the warrants. The warrants for VIP (TSX: VIP.WT) are exercisable at $10.16 which is below the current market price of $10.27 and the most recently reported net asset value per unit of $10.74 as at April 17, 2014. The warrants for OGF (TSX: OGF.WT) are exercisable at $5.25 which is also below the current market price of $5.41and the most recently reported net asset value per unit of $5.78 as at April 17, 2014. The warrants for both funds will expire on June 10, 2014.
The Manager is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: AHF). Aston Hill Financial Inc. 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. Aston Hill Financial is also engaged in the administration of Argent Energy Trust (TSX: AET.UN). Aston Hill Financial has offices in Calgary, Toronto and Halifax.
SOURCE: Aston Hill Asset Management Inc.
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.
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