East Coast Investment Grade Income Fund Completes Public Offering

Toronto, ON

FOR IMMEDIATE RELEASE

(TSX: ECF.UN) Arrow Capital Management Inc. (“Arrow”), on behalf of East Coast Investment Grade Income Fund (the “Fund”), today announced that the Fund has completed the previously announced treasury offering (the “Offering”) of units for gross proceeds of approximately $9.7 million. The units were issued at a price of $9.75.