East Coast Investment Grade Income Fund Announces Distributions for Third Quarter of 2016, Payable on or Before August 15, 2016, September 15, 2016 and October 14, 2016
July 15, 2016 at 06:47 pm IST
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East Coast Investment Grade Income Fund will pay a distribution in the amount of $0.05 per unit on or before August 15, 2016 to unit holders of record on July 29, 2016. A distribution will also be paid in the amount of $0.05 per unit on or before each of September 15, 2016 and October 14, 2016 to unit holders of record on August 31, 2016 and September 30, 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 for Third Quarter of 2016, Payable on or Before August 15, 2016, September 15, 2016 and October 14, 2016