CALGARY, Oct. 23, 2013 /CNW/ - Aston Hill Financial Inc.'s ("Aston Hill" or the "Company") (TSX: AHF) Board of Directors are pleased to announce an increase in
the quarterly cash dividend from $0.0125 to $0.0150 per Common Share,
representing a 20% increase in dividends. A quarterly cash dividend in
the amount of $0.0150 per Common Share will be payable on November 21,
2013 to all Aston Hill shareholders of record on November 8, 2013. The
resulting ex-dividend date for the Common Shares will be November 6,
2013. This dividend is an eligible dividend for Canadian income tax
Aston Hill 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. The Company is also engaged
in the administration of Argent Energy Trust. Aston Hill has offices in
Calgary and Toronto.
The TSX has neither approved nor disapproved the information contained
EBITDA: EBITDA is not a standardized earnings measure prescribed by IFRS;
however, management believes that most of its shareholders, creditors,
other stakeholders and investment analysts prefer to use this
performance measure in analyzing Aston Hill's results.
Forward-Looking Statements: This news release contains certain "forward-looking statements" within
the meaning of such statements under applicable securities law.
Forward-looking statements are frequently characterized by words such
as "plan", "continue", "expect", "project", "intend", "believe",
"anticipate", "estimate", "may", "will", "potential", "proposed" and
other similar words, or statements that certain events or conditions
"may" or "will" occur. These statements are only predictions. Various
assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking statements throughout this
news release. Forward-looking statements are based on the opinions and
estimates of management at the date the statements are made, and are
subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those
projected in the forward-looking statements.
For a detailed description of the risks and uncertainties facing the
Company and its business and affairs, readers should refer to the
Company's annual financial statements and management discussion and
analysis for the year ended December 31, 2012, both of which are
available at www.sedar.com. The Company undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change, unless required by law. The reader is cautioned not to
place undue reliance on forward-looking statements.
SOURCE: Aston Hill Asset Management Inc.
For further information:
For further information concerning this press release, please contact:
Chief Executive Officer
Aston Hill Financial Inc.
Vice President and CFO
Aston Hill Financial Inc.