Raven Rock Strategic Income Fund has filed a preliminary prospectus for an offer offering of trust units, Toronto-based Arrow Capital Management Inc. reports.
Arrow says the fund has been created to provide exposure, on a tax-advantaged basis, to a diversified portfolio of U.S. convertible and high yield corporate bonds, while seeking to mitigate the impact of market and interest rate risks.
The fund will be advised U.S. convertible and high yield bond specialists Raven Rock Capital Management, LLC.
Based in Chapell Hill, North Carolina, the Raven Rock team in comprised of three portfolio managers; Nate Brown, Guy Caplan and Bobby Richardson, who have worked together managing U.S. corporate credit portfolios of more than $3.5 billion since 1999.
The offering is being made through a syndicate of agents led by CIBC and including RBC Capital Markets, TD Securities Inc., Macquarie Private Wealth Inc., National Bank Financial Inc., BMO Capital Markets, Scotiabank, Canaccord Genuity Corp., GMP Securities LP, and Raymond James Ltd.