TORONTO, March 17, 2014 /CNW/ - (TSX: ISL.UN & ISL.U) ING Floating Rate Senior Loan Fund (the "Fund") will commence its
normal course issuer bid to purchase up to 2,255,587 Class A units and
574,428 Class U units of the Fund representing approximately 10% of the
public float of 22,555,872 Class A units and 5,744,286 Class U
units. The Fund may purchase up to 451,753 Class A units and 114,885
Class U units in any 30 day period which is 2% of the issued and
outstanding unit balance of 22,587,672 Class A units and 5,744,286
Class U units at March 7, 2014.
Both Class A and Class U units may be purchased for cancellation from
March 19, 2014 to March 18, 2015 through the facilities of the TSX or
other eligible alternative market and may only be purchased at a price
per Class A and Class U unit not exceeding the last published net asset
value per Class A and Class U 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.
Further information on the Fund is available at www.astonhill.ca.
SOURCE: Aston Hill Asset Management Inc.
For further information:
Chief Executive Officer
77 King Street West
Suite 2110, PO Box 92
Toronto, ON M5K 1G8
Tel: (416) 583-2300