Aston Hill Asset Management Inc. Announces Securityholders' Approval of Fund Mergers

TORONTO, May 9, 2016 /CNW/ - Aston Hill Asset Management Inc. (the "Manager" or "Aston Hill"), the manager of Aston Hill Growth & Income Fund, Aston Hill Global Growth & Income Fund, Aston Hill High Income Fund, Aston Hill Growth & Income Class and Aston Hill Global Growth & Income Class and Aston Hill High Income Class (collectively, the "Funds") announced that at the separate special securityholder meetings of each Fund held today, the securityholders approved the previously announced funds merger proposal.

Securityholder approval was given for the mergers (the "Mergers") of Aston Hill Growth & Income Fund and Aston Hill Global Growth & Income Fund (the "Terminating Funds") with Aston Hill High Income Fund (the "Continuing Fund") and Aston Hill Growth & Income Class and Aston Hill Global Growth & Income Class (the "Terminating Classes") with Aston Hill High Income Class (the "Continuing Class").

The mergers are expected to take effect on or about May 20, 2016, subject to regulatory approval.

Additional information concerning the mergers are contained in the meeting materials that were mailed to securityholders in connection with the special meetings and which are also available on www.sedar.com and at www.astonhill.ca.

About Aston Hill

Aston Hill 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, hedge funds and segregated institutional funds. Aston Hill Financial is headquartered in Toronto.  

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

SOURCE Aston Hill Asset Management Inc.

concerning this press release, please contact: Ben Cheng, Chief Investment Officer, Aston Hill Asset Management Inc., [phone], [email protected]; James Werry, Chief Executive Officer, Aston Hill Asset Management Inc., [phone], [email protected]