Aston Hill VIP Income Fund and Aston Hill Oil & Gas Income Fund file preliminary prospectuses for warrant offerings

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AHF.TO1.250.06

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

TORONTO, Nov. 25, 2013 /CNW/ - Aston Hill Asset Management Inc., the manager of Aston Hill VIP Income Fund (TSX: VIP.UN) and Aston Hill Oil & Gas Income Fund (TSX: OGF.UN) (each a "Fund" and together, the "Funds"), is pleased to announce that each of the Funds has filed a preliminary prospectus for an offering of warrants of the Fund (the "Warrants") to unitholders of the Fund (the "Unitholders").  Each Unitholder of a Fund will receive one-half of one Warrant for each unit of the Fund (a "Unit") held on a record date that will be determined prior to the filing of the final prospectus.

One whole Warrant will entitle the holder to purchase a Unit of the Fund upon payment of the subscription price, which will be determined as the lesser of: (i) the sum of (a) the most recently calculated net asset value per Unit of the Fund prior to the date of the preliminary prospectus and (b) the estimated per Unit fees and expenses of the offering of the Fund; and (ii) the most recently calculated net asset value per Unit prior to the date of filing the final prospectus plus the estimated per Unit fees and expenses of the offering of the Fund.

The Funds have applied to list the Warrants and the Units issuable on the exercise thereof on the Toronto Stock Exchange.

The Warrants are not qualified for distribution in the United States of America.  Copies of the preliminary prospectuses have been filed on SEDAR at www.sedar.com under the Funds' profiles.

Aston Hill Asset Management Inc., the manager of the Funds, is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX:AHF.TO - News). 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.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

SOURCE Aston Hill Asset Management Inc.

Contact:

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.

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