TORONTO, ON--(Marketwired - June 09, 2017) - Redwood Asset Management Inc. ("Redwood"), in its capacity as manager, announced today its intention to terminate the Redwood Global Small Cap Fund and the Redwood Diversified Equity Fund (the "Funds") on or about August 8, 2017. Effective June 9, 2017, the Funds will be closed to new purchases, including in respect of any pre-authorized purchase plans.

The decision to close the Funds was driven by their relatively low asset sizes and the costs associated with maintaining funds of this size. Such factors have made it difficult to efficiently manage the Funds in accordance with their intended investment objectives and, in the view of Redwood, closing the Funds is in the best interests of shareholders.

As of today's date, the Funds may begin liquidating their portfolio investments and may no longer be fully invested in accordance with the stated investment objectives outlined in the Simplified Prospectuses.

Existing shareholders of the Funds have the option to redeem their investments at net asset value on or prior to the termination date. All shares not redeemed prior to the Funds' closure will be automatically redeemed at that time.

If required, a final distribution for each of the Funds will occur on or before the termination date.

In accordance with securities legislation, a notice describing details of the Funds' termination will be sent to shareholders of the Funds no less than 60 days prior to the effective date of termination. Existing shareholders of the Funds have the option to redeem their investments on or prior to the termination date.

Redwood encourages all shareholders to consult with their financial advisors to discuss the financial and tax implications of the terminations and to determine the best course of action based on their personal investment needs and circumstances.

About Redwood Asset Management Inc.

Redwood Asset Management is a Toronto-based investment fund manager, focused on delivering unique investment solutions managed by boutique global investment managers to Canadian investors. Redwood Asset Management is a wholly owned subsidiary of Purpose Investments Inc., which has over $3.3 billion in assets under management. More information about Redwood's product offerings is available at

Contact Information:

Redwood Asset Management
Peter Shippen
President & CEO