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Aston Hill Announces Filing of Information Circular for Aston Hill VIP Income Fund, Aston Hill Oil & Gas Income Fund and Aston Hill Global Resource & Infrastructure Fund
TORONTO , July 13, 2015 /CNW/ - Aston Hill Asset Management Inc. announced today that it ...
About this update from Flow Capital Corp.
[{"type":"text","content":"\n\nTORONTO, July 13, 2015 /CNW/ - Aston Hill Asset Management Inc. announced today that it has filed a management information circular (the \"Circular\") on SEDAR relating to the previously announced meetings of unitholders of Aston Hill VIP Income Fund (\"VIP\"), Aston Hill Oil & Gas Income Fund (\"OGF\") and Aston Hill Global Resource & Infrastructure Fund (\"GR&I\") to be held on August 10, 2015.  Aston Hill Capital Markets Inc. also announced today that it has decided not to proceed with the previously announced unitholder meeting for Low Volatility Canadian Equities Income Fund but will continue to manage the fund in its current form and will reassess any changes to such fund that may be in the best interests of unitholders. \n\nConversion Proposals\n\nUnitholders of each of VIP and OGF are being asked to consider an extraordinary resolution which would result in certain changes to the operations, investment objectives, strategies and restrictions of each fund which will have the effect of delisting each fund from the Toronto Stock Exchange (\"TSX\") and converting to an open-end daily redeemable mutual fund on or about August 31, 2015.\n\nIf the VIP conversion is approved, VIP will be renamed \"Aston Hill North American Dividend Fund\" (the \"North American Dividend Fund\"). The North American Dividend Fund's investment objective will be to provide unitholders with the benefits of a high level of monthly income together with the opportunity for capital appreciation. To achieve its objective, the North American Dividend Fund will invest in a diversified portfolio primarily consisting of dividend paying common shares and preferred shares issued by Canadian and U.S. companies. \n\nIf the OGF conversion is approved, OGF will be renamed \"Aston Hill Global Resource Fund\" (the \"Global Resource Fund\").  The Global Resource Fund's investment objective will be the same as those of GR&I and will provide exposure to a broader range of resource companies including infrastructure companies that support resource companies. To achieve its objective, the Global Resource Fund will invest primarily in equity and fixed income securities (including high yield debt securities) of resource companies and infrastructure companies located anywhere in the world.  \n\nMerger Proposal\n\nGR&I unitholders are bei...