Build America Investment Grade Bond Fund Announces Reorganization Proposal

TORONTO, Jan. 12, 2015 /CNW/ - Aston Hill Capital Markets Inc. ("Aston Hill") as manager of Build America Investment Grade Bond Fund (the "Fund") announced today that it is calling a meeting of holders ("Unitholders") of the Fund's Class A and Class F units ("Units") to consider a proposal to reorganize the Fund as a open-end mutual fund. On the effective date:

(i)

the Fund will become an open-end mutual fund and the Units of the Fund will be delisted from the Toronto Stock Exchange;

(ii)

the Fund's mandate will be changed to invest primarily in investment grade Canadian corporate bonds and other fixed income securities managed by Aston Hill Asset Management Inc.;

(iii)

the Units will become redeemable at their net asset value per Unit on a daily basis;

(iv)

current Unitholders will be able to continue their investment in the Fund and may be able to defer realizing a taxable event on disposition of their Units that would occur if the Fund were to terminate as scheduled on or about February 27, 2015; and

(v)

the aggregate management fee, which includes the current service fees payable by the Fund, will not change.

 

A special meeting of Unitholders has been called and will be held on February 23, 2015 to consider and vote on the proposed reorganization. Details of the proposed reorganization will be outlined in an information circular to be prepared and delivered to Unitholders in connection with the special meeting and which will be available on www.sedar.com. The extension will be subject to receipt of all necessary regulatory approvals.

About Build America Investment Grade Bond Fund

The Fund is an investment fund whose investment objectives are to (i) provide Unitholders with monthly tax-advantaged cash distributions, and (ii) maximize total return for Unitholders, while seeking to reduce risk. The Class A Units are listed for trading on the Toronto Stock Exchange under the symbol BAB.UN.

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 Inc. 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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