Arrow Capital Management Inc. Announces Upcoming Fund Merger
TORONTO, ON, May 3rd, 2021
FOR IMMEDIATE RELEASE
Arrow Capital Management Inc. (the “Manager”), as the manager of the Exemplar Investment Grade Fund (the “Terminating Fund”) and the Arrow EC Income Advantage Alternative Fund (the “Continuing Fund”) and along with the Terminating Fund collectively referred to as the “Merging Funds”), today announced the planned merger of the funds, subject to receipt of all necessary regulatory and unitholder approvals (the “Merger”). The Merger will include the exchanged-traded fund (ETF) series of the Terminating Fund (TSX: CORP).
There is no regulatory minimum purchase amount requirement for investments in a Fund made by investors who qualify under the Accredited Investor
Exemption. However, the minimum initial purchase amount established by the Manager for "accredited investors" is $25,000 (or such lesser amount that
the Manager may accept from time to time).
The criteria for qualification as an "accredited investor" is defined in National Instrument 45-106 of the Canadian Securities Administrators and is
set out in the Subscription Instructions of the Investment Application.
(2) Minimum Amount Exemption (not available to individuals)
The minimum amount for an initial investment in a Fund made by an investor purchasing under the Minimum Amount Exemption is $150,000 in each
province and territory.
Disclaimer: Information about the Arrow Capital Management Funds is not to be construed as a public offering of securities in any jurisdiction of
Canada. The offering of units of the Arrow Capital Management Funds is made pursuant to their respective offering memorandum only to those investors
in jurisdictions of Canada who meet certain eligibility or minimum purchase requirements. Important information about the Arrow Capital Management
Funds, including a statement of each fund's fundamental investment objective, is contained in their respective offering memorandum, a copy of which
may be obtained from your dealer. Read the applicable offering memorandum carefully before investing. Unit values and investment returns will