TORONTO, Oct. 15, 2012 /CNW/ - Aston Hill Asset Management Inc. (the "Manager") announces monthly distributions for record dates from October to December 2012 for each of the following funds:
|Fund Name||TSX Ticker||Amount per Unit|
|Aston Hill Advantage Oil & Gas Income Fund||AOG.UN||$0.02250 (previously $0.0325)|
|Aston Hill Oil & Gas Income Fund||OGF.UN||$0.02250 (previously $0.0350)|
|Aston Hill Advantage VIP Income Fund||AV.UN||$0.04750 (previously $0.0700)|
|Aston Hill VIP Income Fund||VIP.UN||$0.04500 (previously $0.0700)|
|Aston Hill Advantage Bond Fund (Class A & F)||MBB.UN||$0.05833|
|Aston Hill Senior Gold Producers Income Corp.||GPC||$0.06250|
Record dates and payment dates are as follows:
|Record Date||Payment Date|
|October 31, 2012||November 14, 2012|
|November 30, 2012||December 14, 2012|
|December 31, 2012||January 15, 2013|
After thoroughly reviewing the portfolios, it is the Manager's decision to decrease the monthly distribution paid per unit for Aston Hill Advantage Oil & Gas Income Fund, Aston Hill Oil & Gas Income Fund, Aston Hill Advantage VIP Income Fund, and Aston Hill VIP Income Fund (the "Funds"). This decision was reached in order to bring the Funds' yields to what the Manager believes is a sustainable range. The Yield to NAV and Yield to Price for these Funds is between 5% - 6% per annum:
|Fund Name||Yield to NAV||Yield to Price|
|Aston Hill Advantage Oil & Gas Income Fund||5.3% per annum||5.6% per annum|
|Aston Hill Oil & Gas Income Fund||5.4% per annum||5.7% per annum|
|Aston Hill Advantage VIP Income Fund||5.8% per annum||5.8% per annum|
|Aston Hill VIP Income Fund||5.9% per annum||6.0% per annum|
Yield to NAV and Yield to Price based on the most current NAV and Price as of October 9, 2012.
SOURCE: Aston Hill Asset Management Inc.
For further information:
Please contact your financial advisor, call Aston Hill's Sales and Marketing support line at 416-583-2300 (toll-free at 1-800-513-3868), or visit our website at www.astonhill.ca.