TORONTO, March 12, 2015 /CNW/ - (TSX: IFL-UN) ING Diversified Floating Rate Senior Loan Fund (the "Fund") will commence its normal course issuer bid to purchase up to 1,370,533 Class A units of the Fund representing approximately 10% of the public float of 13,705,336 Class A units. The Fund may purchase up to 274,266 Class A units in any 30 day period which is 2% of the 13,713,336 issued and outstanding Class A units at March 3, 2015.
As of March 3, 2015, the Fund had not purchased any units under Normal Course Issuer Bid.
The Class A units may be purchased for cancellation from March 14, 2015 to March 13, 2016 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per Class A unit not exceeding the last published net asset value per Class A 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 Capital Markets 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.