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Aston Hill VIP Income Fund files final prospectus for warrant offering
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
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[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES OF AMERICA./\n\n\nTORONTO, Dec. 16, 2013 /CNW/ - Aston Hill Asset Management Inc., the\n manager of Aston Hill VIP Income Fund (TSX: VIP.UN) (the \"Fund\"), is pleased to announce that the Fund has filed a final prospectus\n for an offering of warrants of the Fund (the \"Warrants\") to unitholders of the Fund (the \"Unitholders\").  Each Unitholder of record on December 23, 2013 will receive\n one-half of one Warrant for each unit of the Fund (a \"Unit\") held.\n\n\nOne whole Warrant will entitle the holder to purchase a Unit of the Fund\n upon payment of the subscription price of $10.16 which is the sum of\n the most recently calculated net asset value per Unit prior to the date\n of filing the final prospectus plus the estimated per Unit fees and\n expenses of the offering of the Fund. Warrants not exercised by 5:00\n p.m. (Toronto time) on June 10, 2014 will be void and have no value.\n\n\nThe Warrants distributed under this prospectus have been conditionally\n approved for listing on the TSX under the symbol VIP.WT. Warrants will\n not be eligible to received distributions provided, however, that if\n Units are issued on or before an applicable record date, Units received\n upon exercise of the Warrants will be eligible to receive distributions\n from the Fund.\n\n\nWarrants will be distributed to client accounts by brokers after the\n record date.  The Fund will pay an exercise fee of $0.15 per Warrant at\n the time the Warrant is exercised, payable to the investment advisor of\n the CDS participant whose client is exercising the Warrant.\n\n\nThe Warrants are not qualified for distribution in the United States of\n America. A copy of the prospectus has been filed on SEDAR at www.sedar.com under the Fund's profile.\n\n\nAston Hill Asset Management Inc., the manager of the Fund, is a\n wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: AHF). Aston\n Hill Financial Inc. is a diversified asset management company with a\n suite of retail mutual funds, closed end funds, private equity funds,\n hedge funds and segregated institutional funds. Aston Hill Financial\n has offices in Calgary, Toronto and Halifax.\n\n\nThis press release does not constitute an offer to sell or the\n solicitation of an offer to buy securit...