Aston Hill Advantage Bond Fund Renews Normal Course Issuer Bid

TORONTO, May 22, 2012 /CNW/ - (TSX: MBB-UN) Aston Hill Advantage Bond Fund (the "Fund") has renewed its normal course issuer bid to purchase up to 225,664 units of the Fund representing approximately 10% of the public float of 2,256,643 units.  The Fund may purchase up to 45,133 units in any 30 day period which is 2% of the 2,256,643 issued and outstanding units at May 10, 2012.

As of May 15, 2012, the Fund had purchased 88,700 units under its current bid at an average price of $11.52 per unit.

The units may be purchased for cancellation from May 24, 2012 to May 23, 2013 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per unit not exceeding the last published net asset value per unit.  The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Further information on the Fund is available at www.astonhill.ca.

Michael J. Killeen
President
Aston Hill Asset Management Inc.
[phone]