East Coast Investment Grade Income Fund Announces First Quarter Cash Distribution, Payable on February 14, 2020, March 13, 2020 and April 15, 2020
January 16, 2020 at 02:00 pm EST
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East Coast Investment Grade Income Fund announced first quarter cash distribution of $0.04 per unit, payable on February 14, 2020, March 13, 2020 and April 15, 2020 to the shareholders record date of January 31, 2020, February 28, 2020 and March 31, 2020 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.