Arrow Capital Management Inc. Announces Completion of Fund Restructuring

Toronto, ON

FOR IMMEDIATE RELEASE

Arrow Capital Management Inc. (“Arrow”), the manager of Raven Rock Strategic Income Fund (TSX: RRF.UN) (the “Fund”) announced today that pursuant to unitholder approval received March 2, 2016, the restructuring to the Fund and the conversion of the RRF Trust to an open-end mutual fund, renamed Exemplar U.S. High Yield Fund, has been completed.