Business
Aston Hill Asset Management Inc. Declares Distributions and Provides Update on Conversion Proposals
TORONTO , Aug. 19, 2015 /CNW/ - Aston Hill Asset Management Inc. (the "Manager") ann...
About this update from Flow Capital Corp.
[{"type":"text","content":"\n\nTORONTO, 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:\n\n\n\n\nFund Name\n\n\nTSX Ticker\n\n\nDistribution\n\n Amount per\n\n Unit\n\n\nDistribution\n\n Amount Annualized\n\n\nPrice*\n\n\nCurrent Yield*\n\n\nRecord Date\n\n\nPayment Date\n\n\n\nAston Hill Advantage Oil & Gas Income Fund\n\n\nAOG.UN\n\n\n$0.01125\n\n\n$0.135\n\n\n$2.90\n\n\n4.66%\n\n\nAugust 31, 2015\n\n\nSeptember 15, 2015\n\n\n\nAston Hill Oil & Gas Income Fund\n\n\nOGF.UN\n\n\n$0.01125\n\n\n$0.135\n\n\n$2.57\n\n\n5.25%\n\n\nAugust 31, 2015\n\n\nSeptember 15, 2015\n\n\n\nAston Hill Advantage VIP Income Fund\n\n\nAV.UN\n\n\n$0.03500\n\n\n$0.42\n\n\n$10.52\n\n\n3.99%\n\n\nAugust 31, 2015\n\n\nSeptember 15, 2015\n\n\n\nAston Hill VIP Income Fund\n\n\nVIP.UN\n\n\n$0.03500\n\n\n$0.42\n\n\n$9.52\n\n\n4.41%\n\n\nAugust 31, 2015\n\n\nSeptember 15, 2015\n\n\n\nAston Hill Advantage Bond Fund \n\n(Class A & F)\n\n\nMBB.UN\n\n\n$0.05833\n\n\n$0.70\n\n\n$10.33\n\n\n6.78%\n\n\nAugust 31, 2015\n\n\nSeptember 15, 2015\n\n\n\n\n*TSX price as at August 19, 2015. Prices and yields shown are for Class A units only unless specified otherwise.\n\n\nThe 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.\n\nAs 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 an...