Arrow Capital Management Inc. Announces Unitholder Approval 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 that at a special meeting of unitholders held today, the unitholders approved the previously announced proposal to restructure the Fund as contemplated in the management information circular of the Fund dated January 29, 2016. The proposal also included the conversion of the RRF Trust to an open-end mutual fund. RRF Trust is a trust that holds the portfolio of investments to which the Fund has indirect economic exposure through a forward agreement.