Raven Rock Strategic Income Fund Announces Annual Redemption

Toronto, ON

FOR IMMEDIATE RELEASE

Arrow Capital Management Inc. (“Arrow”) announces today that 2,062,017 units of Raven Rock Strategic Income Fund (TSX: RRF.UN) (the “Fund”), representing 44% of the outstanding units of the Fund, were submitted for redemption and cancelled on the annual redemption date of May 31, 2015. Accordingly a total of 2,619,657 units remain outstanding.