ARROW CAPITAL MANAGEMENT INC. ANNOUNCES DISTRIBUTIONS FOR 2ND QUARTER

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, April 11, 2023 /CNW/ - Arrow Capital Management Inc. ("Arrow") today announced that the ETF series of Arrow EC Income Advantage Alternative Fund (TSX: RATE) and Exemplar Growth and Income Fund (TSX: EGIF) will pay cash distributions.

Details of the "per-unit" distribution amounts for the ETF series of Arrow EC Income Advantage Alternative Fund are as follows:

Ticker	Cash Distribution per Unit ($)	Record Date	Distribution Payment Date
RATE	0.081	April 28, 2023	May 15, 2023
RATE	0.081	May 31, 2023	June 15, 2023
RATE	0.081	June 30, 2023	July 14, 2023

Details of the "per-unit" distribution amounts for the ETF series of Exemplar Growth and Income Fund are as follows:

Ticker	Cash Distribution per Unit ($)	Record Date	Distribution Payment Date
EGIF	0.073	April 28, 2023	May 15, 2023
EGIF	0.073	May 31, 2023	June 15, 2023
EGIF	0.073	June 30, 2023	July 14, 2023

Commissions, trailing commissions, management and performance fees and expenses all may be associated with investment fund and ETF investments. Please read the relevant prospectus before investing. Investment funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. 

SOURCE Arrow Capital Management Inc.

Robert Maxwell, Managing Director & CFO, Arrow Capital Management Inc. 416-323-0477, www.arrow-capital.com