TORONTO, May 22, 2013 /CNW/ - (TSX: MBB-UN) Aston Hill Advantage Bond Fund (the "Fund") has renewed its normal course issuer bid to purchase up to 206,357 units of the Fund representing approximately 10% of the public float of 2,063,575 units. The Fund may purchase up to 41,271 units in any 30 day period which is 2% of the 2,063,575 issued and outstanding units at May 14, 2013.
As of May 14, 2013, the Fund had purchased 24,900 units under its current bid at an average price of $11.94 per unit.
The units may be purchased for cancellation from May 24, 2013 to May 23, 2014 through the facilities of the TSX or other eligible alternative market 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.
Further information on the Fund is available at www.astonhill.ca.
SOURCE: Aston Hill Asset Management Inc.
For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.