Aston Hill Financial Inc
SymbolAHF
Shares Issued51,262,792
Close 2008-05-16C$ 0.45
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Aston Hill Financial earns $2.4-million in Q1 2008

2008-05-29 18:42 ET - News Release

Mr. Eric Tremblay reports

ASTON HILL ANNOUNCES FIRST QUARTER RESULTS

Aston Hill Financial Inc. has filed its interim consolidated financial statements for the period ended March 31, 2008, and related management discussion and analysis with Canadian securities regulatory authorities.

Aston Hill's net income for the three months ending March 31, 2008, was $2.4-million. This included revenue from management and acquisition fees of $1.6-million and income from investing activities of $1.9-million, offset by net operating expenses of $1.1-million. As of March 31, 2008, Aston Hill had approximately $650-million in assets under management.

The company also gives notice that at the annual general meeting of the corporation held on May 29, 2008, the shareholders appointed the following persons to the board of directors:

  • Andre Bineau (audit committee);
  • Ben Cheng;
  • Dr. Eldon Smith (audit committee, governance and compensation committee);
  • Eric Tremblay;
  • Jean-Guy Lambert (audit committee);
  • Scott Butler (governance and compensation committee);
  • Bruce Fiell (audit committee, governance and compensation committee).

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