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.
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
fluctuate.
