East Coast Investment Grade Income Fund Announces Distributions Payable on or Before February 15, 2016, March 15, 2016 and April 15, 2016 Respectively for the First Quarter of 2016
January 13, 2016 at 08:42 pm IST
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Arrow Capital Management Inc. announced that East Coast Investment Grade Income Fund will pay a distribution in the amount of $0.05 per unit on or before February 15, 2016 to unitholders of record on January 29, 2016. A distribution will also be paid in the amount $0.05 per unit on or before each of March 15, 2016 and April 15, 2016 to unitholders of record on February 29, 2016 and March 31, 2016 respectively.
East Coast Investment Grade Income Fund is a closed-end investment fund. The Fund's investment objectives are to maximize total returns to the holders of units (the unitholders) while reducing risk and to provide unitholders with monthly tax-advantaged cash distributions. The Fund seeks to achieve these investment objectives by obtaining exposure to the portfolio that is comprised primarily of investment grade debt securities (both long and short positions) of Canadian corporate and government issuers. The Portfolio may also include non-investment grade debt securities and may invest in other asset classes in connection with its macro systemic risk protection program. It invests in various sectors, including financial, communications, consumer, cyclical, energy, consumer, non-cyclical, asset backed securities, funds, industrial, diversified and utilities. The Fund's investment manager is Arrow Capital Management Inc. East Coast Fund Management Inc. is the Fund's portfolio advisor.
East Coast Investment Grade Income Fund Announces Distributions Payable on or Before February 15, 2016, March 15, 2016 and April 15, 2016 Respectively for the First Quarter of 2016