TORONTO, March 12, 2014 /CNW/ - (TSX: IHL.UN) ING High Income Floating Rate Fund (the "Fund") will commence its normal course issuer bid to purchase up to 766,841 Class A units of the Fund representing approximately 10% of the public float of 7,668,418 Class A units. The Fund may purchase up to 153,388 Class A units in any 30 day period which is 2% of the 7,669,418 issued and outstanding Class A units at March 3, 2014.
The Class A units may be purchased for cancellation from March 14, 2014 to March 13, 2015 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.
Further information on the Fund is available at www.astonhill.ca.
SOURCE: Aston Hill Capital Markets Inc.
For further information:
Chief Financial Officer
77 King Street West
Suite 2110, PO Box 92
Toronto, ON M5K 1G8
Tel: (416) 583-2300