Raven Rock Strategic Income Fund Announces Annual Redemption

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TORONTO, June 16, 2015 /CNW/ - 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.

Unitholders who tendered units for redemption received $8.45 per unit, the net asset value per unit on the annual redemption date. Redeeming unithholders were entitled to receive the previously announced monthly distribution for May of $0.0417 per unit. The distribution payment was made on June 15, 2015.

About Arrow Capital Management Inc.

Arrow Capital Management Inc. is an employee-owned company, founded in 1999. Arrow's expertise in active portfolio management and manager selection is evident in its strong, diverse platform, which provides clients with access to a global selection of actively managed investment funds. Arrow is committed to continuously providing investors with access to a wide range of investment solutions. With over 15 years of service, Arrow has been well respected as a Canadian alternative investment company.

SOURCE Arrow Capital Management Inc.

For further information on the Fund: Telephone: [phone], Toll Free: 1 [phone], Email: [email protected]