Arrow Capital Management Inc. Announces Unitholder Approval of Fund Merger

Toronto, ON

FOR IMMEDIATE RELEASE

Arrow Capital Management Inc. (the “Manager”) announced that at a special meeting of unitholders held on Thursday, June 17, 2021, it received approval of the unitholders of Exemplar Investment Grade Fund (the “Terminating Fund”), including the ETF Series (TSX: CORP), to merge Exemplar Investment Grade Fund into Arrow EC Income Advantage Alternative Fund (the “Continuing Fund”) (the “Merger”).