High Rock Canadian High Yield Bond Fund Declares Distribution

TORONTO, March 21, 2016 /CNW/ - The Board of Directors of HRC GP Ltd. as general partner of HRC Limited Partnership, Trustee for High Rock Canadian High Yield Bond Fund (the "Fund"), has today declared a cash distribution of $0.1500 per Trust Unit.

Record and payment dates are as follows:

Record Date	Payment Date	Distribution Amount/Trust Unit
March 31, 2016	April 15, 2016	$0.1500

The Fund does not have a fixed distribution but intends to target quarterly distributions based on the estimated annual cash available to the Fund from the income on the portfolio reduced by the expenses of the Fund for the period.

The Fund is a closed-end investment fund created to provide unitholders with investment exposure to a diversified portfolio (the "Portfolio") of high yield bonds of Canadian corporate issuers to be actively managed by High Rock Capital Management Inc. The Fund's investment objectives are to: (i) preserve and enhance the net asset value of the Fund; and (ii) provide unitholders with stable distributions from the Portfolio, through investment primarily in high yield bonds of Canadian corporate issuers.

The units of the Fund are listed for trading on The Toronto Stock Exchange under the symbol HHY.UN.

SOURCE High Rock Canadian High Yield Bond Fund

Investor Relations: High Rock Canadian High Yield Bond Fund, Tel: [phone], Email: [email protected], Website: www.scotiamanagedcompanies.com