Arrow Capital Management Inc. Announces Upcoming Fund Merger

Toronto, ON


Arrow Capital Management Inc. (the “Manager”), as the manager of the Exemplar U.S. High Yield Fund (the “Terminating Fund”) and the Exemplar Growth and Income Fund (the “Continuing Fund” and along with the Terminating Fund collectively referred to as the “Merging Funds”), today announced the planned merger of the funds referred to below, subject to receipt of all necessary regulatory and unitholder approvals (the “Merger”).