East Coast Investment Grade Income Fund Closes $139 Million Initial Public Offering

Middle Content: 

TORONTO, ON, May 30, 2012

FOR IMMEDIATE RELEASE

Press Release: 

Arrow Capital Management Inc. (“Arrow”) is pleased to announce that that the syndicate of agents for the previously announced offering of East Coast Investment Grade Income Fund (TSX: ECF.UN) (the "Fund") has exercised its over-allotment option and acquired an additional 335,000 units today. The Fund issued a total of 11,585,000 units under the offering at a price at $12.00 per unit for gross proceeds of $139,020,000.

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