East Coast Investment Grade Income Fund Announces a Public Offering

Toronto, ON


(TSX: ECF.UN) Arrow Capital Management Inc. (“Arrow”), on behalf of the East Coast Investment Grade Income Fund (the “Fund”), today announced the proposed filing by the Fund of a prospectus supplement with the securities commissions or similar authorities in all provinces and territories of Canada, with the exception of Quebec, relating to a distribution of units of the Fund (the “Units”). The Units are being offered at a price of $9.70 per Unit. The closing price on the Toronto Stock Exchange for the Units on October 22, 2018 was $9.78 per Unit. The offering price of the Units was determined so as to be non-dilutive to the most recently calculated net asset value per Unit of the Fund (calculated as at October 22, 2018), as adjusted for distributions and certain expenses to be accrued prior to or upon settlement of the offering.