Aston Hill Financial announces a quarterly cash dividend increase

CALGARY, Oct. 23, 2013 /CNW/ - Aston Hill Financial Inc.'s ("Aston Hill" or the "Company") (TSX: AHF) Board of Directors are pleased to announce an increase in the quarterly cash dividend from $0.0125 to $0.0150 per Common Share, representing a 20% increase in dividends.  A quarterly cash dividend in the amount of $0.0150 per Common Share will be payable on November 21, 2013 to all Aston Hill shareholders of record on November 8, 2013.  The resulting ex-dividend date for the Common Shares will be November 6, 2013.  This dividend is an eligible dividend for Canadian income tax purposes.

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 and Toronto.

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

1. EBITDA: EBITDA is not a standardized earnings measure prescribed by IFRS; however, management believes that most of its shareholders, creditors, other stakeholders and investment analysts prefer to use this performance measure in analyzing Aston Hill's results.
   
   
2. 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.

For further information concerning this press release, please contact:

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

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