Aston Hill Announces Signing of a Portfolio Management Agreement with First Asset Investment Management

CALGARY, February 10, 2009 – Aston Hill Financial Inc. (the "Company" or "Aston Hill”) (TSXV: AHF) is pleased to announce that Catapult Financial Management Inc. (“Catapult”) a wholly owned subsidiary of Aston Hill, has entered into a Portfolio Management Agreement with First Asset Investment Management Inc. to actively manage the Preferred Share Investment Trust (the “Trust”) portfolio.

The Trust filed a preliminary prospectus with the securities regulatory authorities of all of the Canadian provinces for an initial public offering of trust units (the "Units"). The Trust has been created to invest in an actively managed portfolio (the "Portfolio") comprised primarily of investment grade preferred shares and to a lesser extent investment grade corporate debt and convertible bonds in order to provide Unitholders with the opportunity for growth of their investment value through any capital appreciation of the Portfolio and quarterly distributions.

The Portfolio will be actively managed by Catapult with Mr. Ben Cheng as lead portfolio manager. First Asset Investment Management Inc. will act as the manager of the Trust. The Trust's investment objectives are: (a) to provide Unitholders with quarterly distributions, estimated to initially provide an annual yield of 7.0% based on the original issue price; and (b) to provide Unitholders with the opportunity for capital appreciation from the performance of the Portfolio.

Aston Hill is an asset management company with expertise in the energy sector, income products, oil and gas property management and private equity. Aston Hill has offices in Calgary and Toronto.

For further information concerning this Press Release, please contact:

Aston Hill Financial Inc.

Ben Cheng
President
(416) 861-9152

Eric Tremblay
Chief Executive Officer
(403)770-4817

 

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