TORONTO, Nov. 9, 2015 /CNW/ - (TSX: VIP-UN) Aston Hill VIP Income Fund (the "Fund") has renewed its normal course issuer bid to purchase up to 2,141,657 units of the Fund representing approximately 10% of the public float of 21,416,578 units. The Fund may purchase up to 428,331 units in any 30 day period which is 2% of the 21,416,578 issued and outstanding units at October 28, 2015.
As of October 28, 2015, the Fund had not purchased any units under its current bid.
The units may be purchased for cancellation from November 10, 2015 to November 9, 2016 through the facilities of the TSX or alternative Canadian trading systems and may only be purchased at a price per unit not exceeding the last published net asset value per unit. The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.
The Manager is a wholly-owned 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 has offices in Toronto and Halifax.
SOURCE Aston Hill VIP Income Fund
For further information: 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.