Arrow Capital Management Inc. Announces Completion of Fund Restructuring

Toronto, ON

FOR IMMEDIATE RELEASE

Arrow Capital Management Inc. (“Arrow”), the manager of East Coast Investment Grade Income Fund (TSX: ECF.UN) (the “Fund”) announced today that pursuant to unitholder approval received June 12, 2020, the restructuring of the Fund to an open-end alternative mutual fund, including changing the name to Arrow EC Income Advantage Alternative Fund, has been completed.