Aston Hill Capital Markets Inc. Declares Distributions

TORONTO, June 21, 2016 /CNW/ - Aston Hill Capital Markets Inc. (the "Manager") announces monthly distributions with record date of June 30, 2016 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

$9.65

7.77%

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

CPF.UN

$0.27

$1.08

$13.95

7.74%

Global Capital Securities Trust (Class A & F)

NAF.UN

$0.3125

$1.25

$21.06

5.94%

Low Volatility Canadian Equities Income Fund

LOW.UN

$0.05

$0.60

$9.45

6.35%

Macquarie Emerging Markets Infrastructure Income Fund

MQA.UN

$0.17

$0.68

$9.03

7.53%

Macquarie Global Infrastructure Income Fund

MQI.UN

$0.15

$0.60

$8.84

6.79%

Voya Diversified Floating Rate Senior Loan Fund (Class A)

IFL.UN

$0.05

$0.60

$8.12

7.39%

Voya Diversified Floating Rate Senior Loan Fund (Class U)

Not Listed

U.S.$0.05

U.S.$0.60

U.S.$8.42

7.13%

Voya Floating Rate Senior Loan Fund (Class A)

ISL.UN

$0.0417

$0.50

$9.08

5.51%

Voya Floating Rate Senior Loan Fund (Class U)

ISL.U

U.S.$0.0417

U.S.$0.50

U.S.$8.84

5.66%

Voya Global Income Solutions Fund (Class A)

VGI.UN

$0.0416

$0.50

$8.60

5.80%

Voya Global Income Solutions Fund (Class U)

Not Listed

U.S.$0.0416

U.S.$0.50

U.S.$8.92

5.60%

Voya High Income Floating Rate Fund (Class A)

IHL.UN

$0.05417

$0.65

$8.05

8.08%

Voya High Income Floating Rate Fund (Class U)

Not Listed

U.S.$0.05417

U.S.$0.65

U.S.$8.56

7.59%


*TSX price as at June 20, 2016 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

June 30, 2016                         

July 15, 2016

 

The Manager is also announcing a special distributions for Voya Floating Rate Senior Loan Fund ("ISL") for record date of June 30, 2016. The special distribution will be comprised of an estimated amount of CAD $0.6648 per Class A unit (USD $2.0991 per Class U Unit) which will be paid in additional Units (to be consolidated back to the original number of Units of the Fund, resulting in Unitholders incurring a non-cash capital gain equal to the non-cash portion of the distribution amount with a matching increase in their adjusted cost base per Unit) and CAD $0.2216 per Class A unit (USD $0.6997 per Class U Unit) in cash to offset the estimated tax liability of Unitholders resulting from such distribution. The cash portion of the distribution will be paid on or about July 15, 2016. The special distributions are expected to be characterized as capital gains for tax purposes and are largely the result of the termination of ISL's forward purchase and sale agreement.

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.


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890