Advantaged Canadian High Yield Bond Fund Declares Distributions

TORONTO, Dec. 10, 2015 /CNW/ - The Board of Directors of CHY Management Ltd., as general partner of CHY Management LP, Trustee for the Advantaged Canadian High Yield Bond Fund, (the "Fund") has declared cash distributions of $0.16875 per Class A Unit and $0.185 per Class F Unit payable on January 15, 2016 to holders of record at the close of business on December 30, 2015.

The Fund is an investment fund whose investment portfolio consists of a diversified portfolio of Canadian high yield fixed income securities actively managed by High Rock Capital Management Inc. The Fund's investment objectives are to preserve and enhance the Net Asset Value of the Fund and provide Unitholders with quarterly tax advantaged distributions consisting of returns of capital and capital gains.

The Class A Units of the Fund are listed for trading on the Toronto Stock Exchange under the symbol AHY.UN.

SOURCE Advantaged Canadian High Yield Bond Fund

Investor Relations, Advantaged Canadian High Yield Bond Fund, Tel: [phone], Web site: www.scotiamanagedcompanies.com, Email: [email protected], 26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6, Tel: [phone] Fax: [phone]