East Coast Investment Grade Income Fund Announces Dividend for the Second Quarter of 2016, Payable on or Before May 13, 2016, June 15, 2016 and July 15, 2016
April 12, 2016 at 09:03 pm IST
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East Coast Investment Grade Income Fund announced dividend of $0.05 per unit, payable on or before May 13, 2016 to unitholders of record on April 29, 2016 for the second quarter of 2016. A distribution will also be paid in the amount $0.05 per unit on or before each of June 15, 2016 and July 15, 2016 to unitholders of record on May 31, 2016 and June 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 Dividend for the Second Quarter of 2016, Payable on or Before May 13, 2016, June 15, 2016 and July 15, 2016