TORONTO, Aug. 19, 2015 /CNW/ - Aston Hill Asset Management Inc. (the "Manager") announces monthly distributions for record date of August 2015 for each of the following funds:
|
Fund Name
|
TSX Ticker
|
Distribution
Amount per
Unit
|
Distribution
Amount
Annualized
|
Price*
|
Current
Yield*
|
Record Date
|
Payment Date
|
|
Aston Hill Advantage Oil & Gas Income Fund
|
AOG.UN
|
$0.01125
|
$0.135
|
$2.90
|
4.66%
|
August 31, 2015
|
September 15, 2015
|
|
Aston Hill Oil & Gas Income Fund
|
OGF.UN
|
$0.01125
|
$0.135
|
$2.57
|
5.25%
|
August 31, 2015
|
September 15, 2015
|
|
Aston Hill Advantage VIP Income Fund
|
AV.UN
|
$0.03500
|
$0.42
|
$10.52
|
3.99%
|
August 31, 2015
|
September 15, 2015
|
|
Aston Hill VIP Income Fund
|
VIP.UN
|
$0.03500
|
$0.42
|
$9.52
|
4.41%
|
August 31, 2015
|
September 15, 2015
|
|
Aston Hill Advantage Bond Fund
(Class A & F)
|
MBB.UN
|
$0.05833
|
$0.70
|
$10.33
|
6.78%
|
August 31, 2015
|
September 15, 2015
|
|
*TSX price as at August 19, 2015. Prices and yields shown are for Class A units only unless specified otherwise.
|
The monthly distribution rate 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 have been reduced from the previous monthly distribution amount. The current distribution amounts are consistent with the yields available from each fund's investment mandate.
As previously announced, unitholders of Aston Hill Oil & Gas Income Fund ("OGF") approved a proposal to convert OGF to an open-ended daily redeemable mutual fund. As a result, OGF will be delisted at the close of business on Monday, August 31, 2015. OGF will distribute its monthly distribution of $0.0135 per Unit to unitholders of record at the close of business Monday, August 31, 2015. There will be no "ex-distribution" trading with respect to the OGF announced distribution to unitholders of record as at August 31, 2015 as special settlement rules will apply. The Manager also announced today that it has decided to cancel the previously announced adjourned unitholder meeting for Aston Hill VIP Income Fund and will continue to manage the fund in its current form but will reassess the fund for any changes that the Manager considers to be in the best interests of unitholders.
The Manager is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: AHF). Aston Hill Financial Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, hedge funds and segregated institutional funds. Aston Hill Financial has offices in Toronto and Halifax.
SOURCE Aston Hill Asset Management Inc.
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.Copyright CNW Group 2015