TORONTO, Nov. 7, 2013 /CNW/ - (TSX: VIP-UN) Aston Hill VIP Income Fund (the "Fund") has renewed its normal course issuer bid to purchase up to 2,972,034 units of the Fund representing approximately 10% of the public float of 29,720,340 units. The Fund may purchase up to 594,406 units in any 30 day period which is 2% of the 29,720,340 issued and outstanding units at October 28, 2013.
As of October 28, 2013, the Fund had purchased 104,700 units under its current bid at an average price of $9.24 per unit.
The units may be purchased for cancellation from November 10, 2013 to November 9, 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.
SOURCE: Aston Hill Asset Management Inc.
For further information:
Further information on the Fund is available at www.astonhill.ca.
Michael J. Killeen
Aston Hill Asset Management Inc.