ASTON HILL ANNOUNCES 2010 YEAR END RESULTS

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[{"type":"text","content":"\n\n\n Apr. 11, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, April 11 /CNW/ - Aston Hill Financial Inc. ("Aston Hill")\n announces it has filed its Annual Audited Consolidated Financial\n Statements for the year ended December 31, 2010 and related Management\n Discussion and Analysis with Canadian securities regulatory\n authorities.\n\n\nManagement fee revenues were $9.3 million for 2010 compared to $3.7\n million in the prior year.  Cash flow from operations in 2010 was $3.2\n million compared to $0.3 million in 2009. Included in this are\n non-recurring cash expenses of $308,000 related to a corporate\n acquisition completed in the year. During the fourth quarter of 2010,\n Aston Hill paid a special dividend to its shareholders totaling $1.4\n million.  Assets under management and advisory ("AUM") at December 31,\n 2010 was $2.9 billion.\n\n\nAs of March 31, 2011, AUM was approximately $3.2 billion, an increase of\n 78% from March 31, 2010 levels of $1.8 billion. The notable rise in AUM\n is mainly due to the continued growth and above index performance of\n certain funds for which an Aston Hill subsidiary is sub-advisor to IA\n Clarington Investments Inc., as well as new fund mandates involving BMO\n Nesbitt Burns and the corporate acquisition in August 2010 of Navina\n Asset Management Inc.\n\n\nSubsequent to year end, Aston Hill announced on March 10, 2011 that a\n special cash dividend in the amount of $0.01 per common share was\...

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