TORONTO, Sept. 19, 2014 /CNW/ - Aston Hill Capital Markets Inc. (the "Manager") announces cash distributions for each of the following funds:
Fund Name | TSX Ticker | Distribution
Amount
per Unit | Distribution
Amount
Annualized | Price* | Current
Yield* |
Australian Banc Income Fund (Class A & F) | AUI.UN | $0.1875 | $0.75 | $11.86 | 6.32% |
Build America Investment Grade Bond Fund (Class A & F) | BAB.UN | $0.1198 | $1.44 | $24.99 | 5.76% |
Canadian 50 Advantaged Preferred Share Fund (Class A & F) | CPF.UN | $0.3125 | $1.25 | $21.35 | 5.85% |
Canadian Banc Capital Securities Trust (Class A & F) | CSB.UN | $0.3125 | $1.25 | $25.91 | 4.82% |
HBanc Capital Securities Trust (Class A, Series 1 & 2) | HSC.UN | $0.1458 | $1.75 | $22.23 | 7.87% |
HBanc Capital Securities Trust (Class U, Series 1 & 2) | Not listed | U.S.$0.1458 | $1.75 | U.S.$22.48 | 7.78% |
ING Diversified Floating Rate Senior Loan Fund (Class A) | IFL.UN | $0.0500 | $0.60 | $9.14 | 6.56% |
ING Diversified Floating Rate Senior Loan Fund (Class U) | Not listed | U.S.$0.0500 | $0.60 | U.S.$9.34 | 6.42% |
ING Floating Rate Senior Loan Fund (Class A) | ISL.UN | $0.0417 | $0.50 | $9.83 | 5.09% |
ING Floating Rate Senior Loan Fund (Class U) | ISL.U | U.S.$0.0417 | $0.50 | U.S.$9.54 | 5.24% |
ING High Income Floating Rate Fund (Class A) | IHL.UN | $0.05417 | $0.65 | $9.07 | 7.17% |
ING High Income Floating Rate Fund (Class U) | Not Listed | U.S.$0.05417 | $0.65 | U.S.$9.23 | 7.04% |
Low Volatility Canadian Equities Income Fund | LOW.UN | $0.05 | $0.60 | $9.88 | 6.07% |
Macquarie Emerging Markets Infrastructure Income Fund | MQA.UN | $0.17 | $0.68 | $12.57 | 5.41% |
Macquarie Global Infrastructure Income Fund | MQI.UN | $0.15 | $0.60 | $10.51 | 5.71% |
North America Financials Capital Securities Trust (Class A & F) | NAF.UN | $0.375 | $1.50 | $27.27 | 5.50% |
Euro Banc Capital Securities Trust | EBT.UN | $0.1615 | $0.60 | $9.74 | 6.16% |
*TSX price as at September 18, 2014 or last reported NAV for unlisted funds. Prices and yields shown are for Class A or Series 1 units only unless specified otherwise.
The quarterly distribution rate for Canadian Banc Capital Securities Trust has been reduced from $0.375 per Unit to $0.3125 per Unit. The new target distribution rate is consistent with the yields available within the Fund's investable universe which was expanded pursuant to a unitholder vote to enable the Fund's portfolio manager to take advantage of a broader set of opportunities."
The initial distribution for Euro Banc Capital Securities Trust was determined based on the Fund's target annual distribution rate applied over the period from closing on June 24, 2014 to September 30, 2014. The fund's quarterly distribution target is $0.15 per Unit.
Record dates and payment dates are as follows:
Record Date | Payment Date |
September 30, 2014 | October 15, 2014 |
Aston Hill Capital Markets Inc. is a leading Canadian structured financial products investment firm focused on creating and managing high quality investment vehicles. The Manager is a 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 has offices in Calgary, Toronto and Halifax.
SOURCE Aston Hill Capital Markets Inc.
please contact your financial advisor, call Aston Hill's Sales and Marketing support line at 416-583-2300 (toll-free at 1-800-513-3868), or visit our website at www.astonhill.ca