East Coast Investment Grade Income Fund Closes $135 Million Initial Public Offering

Middle Content: 

TORONTO, ON, May 18, 2012


Press Release: 

Arrow Capital Management Inc. (“Arrow”) is pleased to announce that East Coast Investment Grade Income Fund (the “Fund”) has completed its initial public offering of 11,250,000 units (the “Units”) at a price of $12.00 per Unit for gross proceeds of $135 million. The Units commenced trading on the Toronto Stock Exchange on May 18, 2012 under the symbol ECF.UN.

“We are extremely pleased with the positive response we have experienced with this closed end fund offering”, says Rob Parsons, Managing Director and COO of Arrow. Adding, “We continue to broaden our product line-up with unique and compelling alternative income and equity solutions that meet a wide variety of client needs.”

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