East Coast Investment Grade Income Fund Announces Distributions for the Fourth Quarter of 2017, Payable on or Before November 15, 2017, December 15, 2017 and January 15, 2018
October 17, 2017 at 10:23 am EDT
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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 November 15, 2017 to unitholders of record on October 31, 2017. A distribution will also be paid in the amount $0.05 per unit on or before each of December 15, 2017 and January 15, 2018 to unitholders of record on November 30, 2017 and December 29, 2017 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 the Fourth Quarter of 2017, Payable on or Before November 15, 2017, December 15, 2017 and January 15, 2018