Aston Hill Asset Management Inc. announces proposed reorganization and merger of Aston Hill Global Agribusiness Fund, Aston Hill Senior Gold Producers Income Corp. and Aston Hill Global Uranium Fund Inc.

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Jan. 22, 2013 /CNW/ - Aston Hill Asset Management Inc. (the \"Manager\"), the manager of Aston Hill Global Agribusiness Fund (\"Global Agribusiness\", TSX: AGB.UN), Aston Hill Senior Gold Producers Income Corp. (\"Senior Gold Producers\", TSX: GPC) and Aston Hill Global Uranium Fund Inc. (\"Global Uranium\", TSX: GUR and, together with Global Agribusiness and Senior Gold\n Producers, the \"Funds\"), announced today that it will propose to securityholders that (a)\n Global Agribusiness change its investment mandate and be reorganized\n into a public mutual fund and (b) Senior Gold Producers and Global\n Uranium be merged into Global Agribusiness if its reorganization is\n approved.\n\n\nFollowing the reorganization, Global Agribusiness would change its name\n to \"Aston Hill Global Resource and Infrastructure Fund\" and its new\n investment objective would be to provide exposure to resource companies\n including related infrastructure companies by investing primarily in\n equity and fixed income securities (including high yield debt\n securities) of such companies located anywhere in the world.\n\n\nThe Manager expects that the benefits for existing securityholders from\n the proposed transactions will include:\n\n\nan attractive new investment mandate\n\n\ndaily liquidity at net asset value per security\n\n\nno increase in management fees despite a broader investment mandate\n\n\nthe ability to switch to other Aston Hill Mutual Funds.\n\n\nSpecial meetings of the securityholders of each Fund will be held on or\n about March 8, 2013 to approve the reorganization and mergers which, if\n approved, will be implemented on or about March 21, 2013 following a\n delisting of each Fund's securities from the Toronto Stock Exchange. \n The reorganization of Global Agribusiness, if approved, will be\n implemented regardless of whether either or both proposed mergers are\n approved.  Each proposed merger that is approved will be implemented,\n regardless of whether the other proposed merger is approved, as long as\n the reorganization of Global Agribusiness also is approved.\n\n\nAdditional information concerning the proposed transactions will be\n contained in the materials provided to securityholders in connection\n with the special meetings and will be available in due course on www.sedar.com and at www.asto...

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