Arrow Capital Management Inc. Announces Annual Redemption East Coast Investment Grade Income Fund

Middle Content: 

TORONTO, ON, November 1, 2013

FOR IMMEDIATE RELEASE

Press Release: 

Arrow Capital Management Inc. (“Arrow”) announces today that 1,282,815 units of East Coast Investment Grade Income Fund (TSX: ECF.UN) (the “Fund”), representing 11.1% of the outstanding units of the Fund, were submitted for redemption on the annual redemption date of October 31, 2013. Unitholders who tendered units for redemption will be entitled to receive $11.0475 per unit, the net asset value per unit on the annual redemption date. Redeeming unithholders will also be entitled to receive the previously announced monthly distribution for October of $0.05 per unit. Payments will be made on or before November 21, 2013.

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