TORONTO, April 28, 2016 /CNW/ - Aston Hill Capital Markets Inc. (the "Manager"), as Manager of the U.S. Agency Mortgage-Backed REIT Advantaged Fund (the "Fund"), announced today the intention to terminate the Fund. The decision was made to terminate the Fund following receipt of the most recent annual redemption requests. As a result of redemptions, the net asset size of the Fund has been reduced to a level below which, in the opinion of the Manager, it is no longer economically feasible to continue the Fund and it would be in the best interest of the unitholders to terminate the Fund. The Manager anticipates that the Fund's termination will occur on or about June 30, 2016 (the "Termination Date").
The Fund will distribute in cash the net assets of the Fund to unitholders on a pro rata basis based on the net asset value per unit on or about the Termination Date. Payment is expected to be made as soon as practicable following the Termination Date. Unitholders need not take any action to receive the payment.
Unitholder redemption rights are not affected by the termination of the Fund. Unitholders who properly surrendered units for redemption on or before March 31, 2016 will be paid the annual redemption amount (to be determined on April 28, 2016) on or about May 13, 2016.
Class A Units of U.S. Agency Mortgage-Backed REIT Advantaged Fund are listed on the Toronto Stock Exchange under the symbol USM.UN.
Aston Hill Capital Markets Inc. is a leading Canadian structured financial products investment firm focused on creating and managing high quality investment vehicles. The Manager is a 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, hedge funds and segregated institutional funds. Aston Hill Financial is headquartered in Toronto.
SOURCE Aston Hill Capital Markets 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