TORONTO, April 11, 2013 /CNW/ - (TSX: AV-UN) Aston Hill Advantage VIP Income Fund (the "Fund") has renewed its normal course issuer bid to purchase up to 1,279,821 units of the Fund representing approximately 10% of the public float of 12,798,215 units. The Fund may purchase up to 255,964 units in any 30 day period which is 2% of the 12,798,215 issued and outstanding units at April 3, 2013.
As of April 3, 2013, the Fund had purchased 210,100 units under its current bid at an average price of $9.71 per unit.
The units may be purchased for cancellation from April 14, 2013 to April 13, 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 Financial Inc.
For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.