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Overview

East Coast Investment Grade Income Fund completes $18 Million Treasury Offering

October 19, 2017

 

East Coast Investment Grade Income Fund (TSX: ECF.UN) (the “Fund”), which is managed by Arrow Capital Management Inc. (“Arrow”), completed a treasury offering (the “Offering”) of 1,834,856 units for aggregate gross proceeds of approximately $18 million.  The units were offered at a price of $9.85 per unit pursuant to a prospectus supplement to a short form base shelf prospectus of the Fund.

The Offering was made on a best efforts agency basis in each of the provinces and territories in Canada other than Quebec through a syndicate of investment dealers led by RBC Capital Markets and CIBC Capital Markets, and including National Bank Financial Inc., BMO Capital Markets, GMP Securities L.P. and Raymond James Ltd.

Wildeboer Dellelce LLP acted for Arrow and the Fund in connection with the Offering with a team that included Ronald Schwass and Julie Anderson (corporate/securities) and Katy Pitch (tax).