Flaherty & Crumrine Investment Grade Fixed Income Fund estimated that it will generate income of approximately $0.10 per unit in excess of its previously announced distributions for the year. As a result, the Fund announced a special distribution estimated to be $0.10 per unit to unitholders of record at the close of business on December 30, 2016. The distribution consists of a cash distribution in the amount of $0.05 per unit which approximates the income taxes payable on the special distribution of income based on the high marginal Ontario income tax rate for 2016; and a distribution estimated to be $0.05 per unit that will be automatically reinvested in additional units to be determined based on the closing trading price per unit as of December 30, 2016. The estimated amount of $0.05 per unit of automatic reinvestment may change depending on any other transactions occurring before year end and the actual income for the year as finally determined. The cash distribution of $0.05 per unit will be paid on or before January 16, 2017.