Transactions November 19, 2012

Raven Rock Strategic Income Fund Completes $60 Million Initial Public Offering

Raven Rock Strategic Income Fund (the “Fund”) completed its initial public offering of 6,000,000 units (the “Units”) at a price of $10.00 per Unit for gross proceeds of $60,000,000 (the “Offering”). The Fund is a closed-end fund created to provide exposure, on a tax-advantage basis, to an actively managed and well-diversified portfolio of U.S. convertible and high-yield bonds.

Arrow Capital Management Inc. (“Arrow”) is the manager and trustee of the Fund and Raven Rock Capital Management, LLC is the portfolio advisor to the Fund. CIBC World Markets Inc. acted as lead agent on behalf of a syndicate of agents that included RBC Capital Markets, TD Securities Inc., Macquarie Private Wealth Inc., National Bank Financial Inc., BMO Capital Markets, Scotiabank, Canaccord Genuity Corp., GMP Securities L.P., and Raymond James Ltd.

Wildeboer Dellelce LLP acted for the Fund and Arrow in connection with the Offering with a team that included Ronald Schwass, Geoffrey Cher, Patrick Magee and Andrea Hill, (corporate/securities) and Kevin Fritz (tax).

Wildeboer Dellelce LLP