East Coast Investment Grade Income Fund
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TORONTO, Nov. 1, 2013 /CNW/ - 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.
About Arrow Capital Management Inc.
Arrow Capital Management Inc. is an employee-owned company, founded in 1999 by James McGovern.
Arrow's expertise in active portfolio management and manager selection
is evident in its strong, diverse platform, which provides our clients
with access to a global selection of outstanding alternative investment
funds. One of the most experienced alternative investment fund
companies in Canada and with an extensive network of global resources,
Arrow has successfully navigated its clients through all types of
market conditions. Arrow is a founding member of AIMA Canada
(Alternative Investment Management Association) and is a substantial
co-investor in its own funds. Arrow is based in Toronto, Canada, with
sales offices in Vancouver, Calgary, and a joint venture relationship
in London, UK with Generation Asset Management (UK) Limited.
SOURCE: Arrow Capital Management Inc.
For further information:
For further information on the Fund:
Telephone: (416) 323-0477
Toll Free: 1 (877) 327-6048