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      <isOpinionOffered>N</isOpinionOffered>
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        <relyOnRuleTypes>
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          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
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    <signature registrantSignedName="ARROW INVESTMENTS TRUST" signedDate="2024-04-09" signature="Sam Singh" title="Treasurer"/>
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