LOGiQ Asset Management Ltd. Confirms Previously Declared Estimated Special Distributions

TORONTO, Jan. 4, 2017 /CNW/ - LOGiQ Asset Management Ltd. (formerly "Aston Hill Asset Management Inc.") (the "Manager") announces the confirmed amounts of the annual special year-end distributions (the "Special Distributions") for the 2016 tax year for Class U of Voya Floating Rate Senior Loan Fund (TSX Ticker: ISL.U), as set out in the table below:

Fund Name

TSX
Ticker

 Cash
Distribution
Amount per
Unit

Notional Distribution
Amount 
per Unit

Total  Distribution
Amount 
per Unit

Voya Floating Rate Senior Loan Fund (Class U)

ISL.U

U.S.$0.125

U.S.$0.375

U.S. $0.500

 

Record dates and payment dates are as follows:

Record Date

Payment Date

December 30, 2016                         

January 16, 2017

 

The special distribution will be comprised of the amount of USD $0.375 per Unit which will be paid in additional Units (to be consolidated back to the original number of Units of the Class, resulting in Unitholders incurring a non-cash capital gain equal to the non-cash portion of the distribution amount with a matching increase in their adjusted cost base per Unit) (the "Notional Distributions") and USD $0.125 per Unit in cash to offset the estimated tax liability of Unitholders resulting from such distribution (the "Cash Distributions"). The cash portion of the distribution will be paid on or about January 16, 2017. The special distributions will be characterized as capital gains for tax purposes.

The Manager is a wholly-owned subsidiary of LOGiQ Asset Management Inc. (TSX: LGQ), (formerly: "Aston Hill Financial Inc." (TSX: AHF)). LOGiQ Asset Management Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, hedge funds and segregated institutional funds. LOGiQ Asset Management Inc. is headquartered in Toronto.

SOURCE Aston Hill Asset Management Inc.

For further information: please contact your financial advisor, call LOGiQ's Sales and Marketing support line at 416-583-2300 (toll-free at 1-800-513-3868), or visit our website at www.logiqasset.com.

RELATED LINKS
http://www.astonhill.ca

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