Aston Hill Capital Markets Inc. declares distributions

TORONTO, March 20, 2015 /CNW/ - Aston Hill Capital Markets Inc. (the "Manager") announces cash distributions for each of the following funds:

Fund Name

TSX Ticker

Distribution Amount per Unit

Distribution Amount
Annualized

Price*

Current
Yield*

Australian Banc Income Fund (Class A & F)

AUI.UN

$0.1875

$0.75

$12.36

6.07%

Canadian 50 Advantaged Preferred Share Fund (Class A & F)

CPF.UN

$0.27

$1.08

$19.46

5.55%

Canadian Banc Capital Securities Trust (Class A & F)

CSB.UN

$0.3125

$1.25

$24.11

5.18%

Euro Banc Capital Securities Trust

EBT.UN

$0.15

$0.60

$8.70

6.90%

HBanc Capital Securities Trust (Class A, Series 1 & 2)

HSC.UN

$0.1458

$1.75

$21.78

8.03%

HBanc Capital Securities Trust (Class U, Series 1 & 2)

Not Listed

U.S.$0.1458

U.S.$1.75

U.S.$22.06

7.93%

ING Diversified Floating Rate Senior Loan Fund (Class A)

IFL.UN

$0.0500

$0.60

$8.95

6.70%

ING Diversified Floating Rate Senior Loan Fund (Class U)

Not listed

U.S.$0.0500

U.S.$0.60

U.S.$9.14

6.56%

ING Floating Rate Senior Loan Fund (Class A)

ISL.UN

$0.0417

$0.50

$9.56

5.23%

ING Floating Rate Senior Loan Fund (Class U)

ISL.U

U.S.$0.0417

U.S.$0.50

U.S.$9.25

5.41%

ING High Income Floating Rate Fund (Class A)

IHL.UN

$0.05417

$0.65

$8.89

7.31%

ING High Income Floating Rate Fund (Class U)

Not Listed

U.S.$0.05417

U.S.$0.65

U.S.$9.02

7.21%

Low Volatility Canadian Equities Income Fund

LOW.UN

$0.05

$0.60

$9.90

6.06%

Macquarie Emerging Markets Infrastructure Income Fund

MQA.UN

$0.17

$0.68

$11.16

6.09%

Macquarie Global Infrastructure Income Fund

MQI.UN

$0.15

$0.60

$10.41

5.76%

North American Financials Capital Securities Trust (Class A & F)

NAF.UN

$0.3125

$1.25

$24.74

5.05%

Voya Global Income Solutions Fund (Class A)

VGI.UN

$0.0416

$0.50

$9.22

5.42%

Voya Global Income Solutions Fund (Class U)

Not Listed

U.S.$0.0416

U.S.$0.50

U.S.$9.75

5.13%

 

*TSX price as at March 19 or last reported NAV for unlisted funds. Prices and yields shown are for Class A or Series 1 units only unless specified otherwise.

Record dates and payment dates are as follows:

Record Date  

Payment Date

March 31, 2015    

April 15, 2015

 

The quarterly distribution rate for Canadian 50 Advantaged Preferred Share Fund has been reduced from $0.3125 per Unit to $0.27 per Unit.  Canadian 50 Advantaged Preferred Share Fund provides low cost exposure to the total return approximating that of the BMO Capital Markets 50 Preferred Share Index (the "Index").  The change in the distribution rate is consistent with the income opportunities produced by the Index and by employing leverage as well as a forward agreement to generate tax-efficient income.

The quarterly distribution rate for North American Financials Capital Securities Trust has been reduced from $0.375 per Unit to $0.3125 per Unit. The new target distribution rate is consistent with the yields available within the Fund's investable universe which was expanded pursuant to a unitholder vote to enable the Fund's portfolio manager to take advantage of a broader set of opportunities and is equal to the target distribution for Canadian Banc Capital Securities Trust which has a similar mandate.

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, private equity funds, hedge funds and segregated institutional funds. Aston Hill Financial has offices in Calgary, Toronto and Halifax.

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.

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Aston Hill Capital Markets Inc.

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