Aston Hill proposes fund reorganization

As well, Aston Hill proposes to merge Aston Hill Senior Gold Producers Income Corp. (TSX:GPC) and Aston Hill Global Uranium Fund Inc. (TSX: GUR) into Global Agribusiness, if its reorganization is approved.

Following the reorganization, Global Agribusiness would change its name to Aston Hill Global Resource and Infrastructure Fund and its new investment objective would be to provide exposure to resource companies including related infrastructure companies by investing primarily in equity and fixed income securities (including high yield debt securities) of such companies located anywhere in the world.

Aston Hill says it expects securityholders to benefit from an attractive new investment mandate, daily liquidity at net asset value per security, no increase in management fees despite a broader investment mandate, and the ability to switch to other Aston Hill mutual funds.

Special meetings of the securityholders of each fund will be held on March to approve the reorganization and mergers which, if approved, will be implemented on March 21 following a delisting of each fund’s securities from the Toronto Stock Exchange.

The reorganization of Global Agribusiness, if approved, will be implemented regardless of whether either or both proposed mergers are approved. Each proposed merger that is approved will be implemented, regardless of whether the other proposed merger is approved, as long as the reorganization of Global Agribusiness also is approved.

Aston Hill Asset Management Inc. is a wholly owned subsidiary of Aston Hill Financial Inc. (TSX: AHF).