TORONTO, Dec. 18, 2012 /CNW/ - The Board of Directors of CHY Management Ltd., trustee of Advantaged Canadian High Yield Bond Fund, (the "Fund") has declared cash distributions of $0.16875 per Class A Unit and $0.185 per Class F Unit payable on January 15, 2013 to holders of record at the close of business on December 31, 2012.

The Fund is an investment fund whose investment portfolio consists of a diversified portfolio of Canadian high yield fixed income securities actively managed by High Rock Capital Management Inc. The Fund's investment objectives are to preserve and enhance the Net Asset Value of the Fund and provide Unitholders with quarterly tax advantaged distributions consisting of returns of capital and capital gains.

The Class A Units of the Fund are listed for trading on the Toronto Stock Exchange under the symbol AHY.UN.

SOURCE Advantaged Canadian High Yield Bond Fund