Arrow Capital proposes fund changes

Toronto-based Arrow Capital management Inc. will host a special unitholders’ meeting in March to approve the restructuring of Raven Rock Strategy Income Fund and RRF Trust into open-ended mutual funds. To do so, Arrow Capital will delist units of the Raven Rock fund from the Toronto Stock Exchange on or about March 16, and that fund will be terminated. Following the settlement of Raven Rock fund’s liabilities, unitholders’ proportionate share of RRF Trust units will be distributed. If approved, the RRF Trust’s investment objective, strategy and restrictions will change and the trust itself will be renamed Exemplar U.S. High Yield Fund. It is anticipated that unitholders will realize a capital gain or loss for Canadian income tax purposes as a result of these restructurings. Arrow plans to terminate the Raven Rock fund if it does not receive unitholder approval for the proposed changes. For full details, including fees, visit www.arrow-capital.com.

(fcollie@investmentexecutive.com).