CALGARY, March 12, 2014 /CNW/ - The Board of Directors of Aston Hill
Financial Inc. ("Aston Hill" or the "Company") (TSX: AHF) is pleased to announce the adoption of a Dividend
Reinvestment Plan (the "DRIP") for its Canadian resident shareholders ("Eligible Shareholders"). The DRIP will commence with the May 2014 dividend.
The DRIP will allow Eligible Shareholders to reinvest the cash dividends
paid on all or a portion of their Common Shares in additional Common
Shares which will be issued at 95 percent (5% discount) of the volume
weighted average trading price of the Common Shares on the Toronto
Stock Exchange during the last five trading days ending at the
conclusion of the trading day immediately preceding the relevant
dividend payment date.
To participate in the DRIP, registered Eligible Shareholders must
deliver a properly completed enrolment form to Computershare Trust
Company of Canada ("Computershare") (in its capacity as plan agent under the DRIP), as directed under the
DRIP, by not later than 4:00 p.m. (Calgary time) on the fifth business
day immediately preceding a dividend record date in order for the cash
dividend to which such record date relates to be reinvested under the
Beneficial Eligible Shareholders (owners of Common Shares that are held
through a nominee) who wish to participate in the DRIP should contact
the broker, investment dealer, financial institution or other nominee
who holds their Common Shares to inquire about the applicable enrolment
deadline and to request enrolment in the DRIP.
Eligible Shareholders can obtain an enrolment form by contacting
Computershare at 1-800-564-6253 or (514) 982-7555, or by visiting www.investorcentre.com/service, or by following the instructions on the Corporation's website at www.astonhill.ca. Shareholders are urged to carefully read the complete text of the DRIP
before making any decisions regarding their participation in the DRIP.
No commissions, service charges or brokerage fees will be payable by
DRIP participants in connection with their purchase of Common Shares
from treasury. However, Beneficial Eligible Shareholders who wish to
participate in the DRIP through the broker, investment dealer,
financial institution or other nominee who holds their Common Shares
should consult that nominee to confirm what fees, if any, the nominee
may charge to enrol in the DRIP on their behalf or whether the
nominee's policies might result in any costs otherwise becoming payable
by the Beneficial Eligible Shareholder.
Participation in the DRIP will not relieve DRIP participants of any
liability for taxes that may be payable on dividends. Eligible
Shareholders should consult their own tax advisors concerning the tax
implications of their participation in the DRIP having regard to their
own particular circumstances.
The Common Shares and the Common Shares to be issued pursuant to the
DRIP are not, and will not be, registered under the United States
Securities Act of 1933, as amended, and accordingly, the Common Shares
issued pursuant to the DRIP are not being publicly offered for sale in
the United States or in any of the territories or possessions thereof
or any other jurisdictions or to or for the benefit of "U.S. Persons"
(as such term is defined in Regulation S under the United States
Securities Act of 1933, as amended). Participation in the DRIP will not
be accepted from any person or person's agent who is not an Eligible
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, Toronto and Halifax.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in any province or
territory of Canada or in any other jurisdiction. There shall be no
sale of the securities in any jurisdiction in which an offer to sell, a
solicitation of an offer to buy or a sale would be unlawful.
The TSX has neither approved nor disapproved the information contained
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:
Chief Executive Officer
Aston Hill Financial Inc.
Vice President and CFO
Aston Hill Financial Inc.