Aston Hill announces quarterly cash dividend for August 2013

CALGARY, Aug. 1, 2013 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the "Company") (TSX:AHF) is pleased to announce that a quarterly cash dividend in the amount of $0.0125 per Common Share will be payable on August 23, 2013 to all Aston Hill shareholders of record on August 14, 2013.  The resulting ex-dividend date for the Common Shares will be August 12, 2013.  This dividend is an eligible dividend for Canadian income tax purposes.

On July 30, 2013, in connection with the Company's previously announced proposed acquisition of an 80% interest in Connor, Clark & Lunn Capital Markets Inc. (the "Acquisition"), the Company filed a final prospectus providing for the issuance of subscription receipts.  As the Company's offering of subscription receipts is currently scheduled to close on August 7, 2013, if the subscription receipts are outstanding and have not been converted into underlying Common Shares as of the record date for the dividend, provided that the Acquisition is completed, holders of subscription receipts will be entitled to receive, on the later of August 23, 2013 and the third business day following date of closing of the Acquisition, an amount equal to the dividend per Common Share for each subscription receipt held.

Aston Hill is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds. The Company is also engaged in the administration of Argent Energy Trust. Aston Hill has offices in Calgary, Toronto and Halifax.

The TSX has neither approved nor disapproved the information contained herein.

Forward-Looking Statements: This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.  Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

For a detailed description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's annual financial statements and management discussion and analysis for the year ended December 31, 2012, both of which are available at www.sedar.com.  The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE: Aston Hill Asset Management Inc.

Eric Tremblay
Chief Executive Officer
Aston Hill Financial Inc.
[phone]  

Larry Titley
Vice President and CFO
Aston Hill Financial Inc.
[phone]