Raven Rock Strategic Income Fund Closes $60 Million Initial Public Offering

Middle Content: 

TORONTO, ON, November 19, 2012

FOR IMMEDIATE RELEASE

Press Release: 

Arrow Capital Management Inc. (“Arrow”) is pleased to announce that the Raven Rock Strategic Income Fund (the “Fund”) has completed its initial public offering of 6,000,000 units (the “Units”) at a price of $10.00 per Unit for gross proceeds of $60 million. The Units will commence trading on the Toronto Stock Exchange on November 19, 2012 under the symbol RFF.UN.

The Fund has been created to provide enhanced exposure, on a tax advantaged basis, to an actively managed and well diversified portfolio (the “Portfolio”) of U.S. convertible and high yield bonds. The Portfolio is designed to generate attractive riskadjusted returns, while mitigating the impact of market and interest rate risks, by using hedging techniques. The Fund will be advised by Raven Rock Capital Management, LLC (“Raven Rock”). The experienced investment team of portfolio managers, Nate Brown, Guy Caplan, and Bobby Richardson, have worked together since 1999, having managed institutional corporate credit portfolios of more than $3.5 billion.

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