Arrow Hedge Partners Inc. Announces an Increase in the Maximum Issue Size of the Arrow Multi-Strategy Notes, Series 3 Issue

Middle Content: 

TORONTO, ON, March 3, 2004

FOR IMMEDIATE RELEASE

Press Release: 

Jim McGovern, Managing Director and CEO of Arrow Hedge Partners Inc. of Toronto, Canada, is pleased to announce that due to the positive market reception of the Arrow Multi-Strategy Notes, Series 3, Arrow and BNP Paribas SA have decided to increase the maximum size of the issue to $60 million (CAD). “Arrow has already received orders for over $30 million in the Series 3 Notes product, and with several weeks left until the closing, it is likely that the original maximum size of the issue of $35 million (CAD) would have restricted investors from accessing this product offering,” stated McGovern.

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