Proposed change to the investment objective of Aston Hill Money Market Fund
TORONTO, April 23, 2013 /CNW/ - Aston Hill Asset Management Inc. (the
"Manager"), the manager of Aston Hill Money Market Fund (the "Fund"),
announced that, subject to receiving the approval of its unitholders, the
investment objective of the Fund will change in order to permit the Fund to
seek to provide current income that is consistent with preservation of capital
and liquidity by investing primarily in short duration fixed income
securities. If approved, the annual management fees charged to the Fund in
respect of its Series A units and Series F units also will change to 1.40% and
0.90%, respectively. A special meeting of the unitholders of the Fund will
be convened on or about May 22, 2013 to approve the changes and, if approved,
will take effect immediately thereafter.
Additional information concerning the Fund, including the proposed investment
objective change, is available at www.astonhill.ca and www.sedar.com.
About Aston Hill
The Manager is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX:
AHF). Aston Hill Financial Inc. is a diversified asset management company with
a suite of retail mutual funds, closed end funds, private equity funds, hedge
funds and segregated institutional funds. Aston Hill Financial is also engaged
in the administration of Argent Energy Trust (TSX: AET.UN). Aston Hill
Financial has offices in Calgary, Toronto and Halifax.
Michael J. Killeen President Aston Hill Asset Management Inc. (416) 583-2300
SOURCE: Aston Hill Asset Management Inc.
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CO: Aston Hill Financial Inc.
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-0- Apr/23/2013 18:30 GMT
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