Canada NewsWire
TORONTO, Jan. 4, 2017
TORONTO, Jan. 4, 2017 /CNW/ - LOGiQ Asset Management
Ltd. (formerly "Aston Hill Asset Management Inc.") (the "Manager") announces the confirmed amounts of the annual special
year-end distributions (the "Special Distributions") for the 2016 tax year for Class U of Voya Floating Rate Senior Loan Fund (TSX
Ticker: ISL.U), as set out in the table below:
|
Fund Name
|
TSX
Ticker
|
Cash
Distribution
Amount per
Unit
|
Notional Distribution
Amount
per Unit
|
Total Distribution
Amount
per Unit
|
|
Voya Floating Rate Senior Loan Fund (Class U)
|
ISL.U
|
U.S.$0.125
|
U.S.$0.375
|
U.S. $0.500
|
Record dates and payment dates are as follows:
|
Record Date
|
Payment Date
|
|
December 30,
2016
|
January 16, 2017
|
The special distribution will be comprised of the amount of USD $0.375 per Unit which will be paid
in additional Units (to be consolidated back to the original number of Units of the Class, resulting in Unitholders incurring a
non-cash capital gain equal to the non-cash portion of the distribution amount with a matching increase in their adjusted cost base
per Unit) (the "Notional Distributions") and USD $0.125 per Unit in cash to offset the estimated tax
liability of Unitholders resulting from such distribution (the "Cash Distributions"). The cash portion of the distribution
will be paid on or about January 16, 2017. The special distributions will be characterized as capital
gains for tax purposes.
The Manager is a wholly-owned subsidiary of LOGiQ Asset Management Inc. (TSX: LGQ), (formerly: "Aston Hill Financial Inc." (TSX:
AHF)). LOGiQ Asset Management Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds,
hedge funds and segregated institutional funds. LOGiQ Asset Management Inc. is headquartered in Toronto.
SOURCE Aston Hill Asset Management Inc.
