ING Floating Rate Senior Loan Fund Normal Course Issuer Bid

TORONTO, March 17, 2015 /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 1,770,234 Class A units and 412,800 Class U units of the Fund representing approximately 10% of the public float of 17,702,342 Class A units and 4,128,006 Class U units.  The Fund may purchase up to 354,482 Class A units and 82,780 Class U units in any 30 day period which is 2% of the issued and outstanding unit balance of 17,724,142 Class A units and 4,139,006 Class U units at March 6, 2015. 

As of March 6, 2015, the Fund had not purchased any units under Normal Course Issuer Bid.

Both Class A and Class U units may be purchased for cancellation from March 19, 2015 to March 18, 2016 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.

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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Aston Hill Capital Markets Inc.

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