TORONTO, Nov. 4, 2015 /CNW/ - Aston Hill Financial Inc. ("Aston Hill" or the "Company") announces that the Company will proceed with certain amendments (the "Amendments") to its 6% convertible unsecured subordinated debentures due July 31, 2016 (the "Debentures") and a partial redemption (the "Partial Redemption") of the Debentures on a pro rata basis for cash as previously announced on October 29, 2015.
The Company will proceed with the Partial Redemption of an aggregate principal amount of $6 million Debentures on a pro rata basis for cash to the nearest multiple of $1,000. The Debentures will commence trading on a post-redemption basis as of the opening of business on Friday, November 6, 2015. Upon redemption, Aston Hill will pay to holders of the Debentures of record on November 10, 2015, $1,000 plus accrued and unpaid interest thereon, of $16.67, up to but excluding the redemption date of November 16, 2015 for each $1,000 principal amount of Debentures redeemed. The Amendments will also be effective as of November 16, 2015. The Debentures trade on the TSX under the symbol "AHF.DB" and will commence trading under the symbol "AFH. DB.A" as of November 16, 2015.
Further information regarding the Amendments and the Partial Redemption, is available in the Company's management information circular dated September 29, 2015, which is available on SEDAR.
Aston Hill Financial Inc. (TSX: AHF) is a diversified asset management company with a suite of retail mutual funds, closed end funds, hedge funds and segregated institutional funds. Aston Hill Financial has offices in Toronto and Halifax.
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.
SOURCE Aston Hill Financial Inc.
For further information: Please contact: Peter Anderson, Chief Executive Officer (Interim), Aston Hill Financial Inc., (416) 583-2300, [email protected]; Derek Slemko, Chief Financial Officer (Interim), Aston Hill Financial Inc., (416) 583-2300, [email protected]