Change of Manager of Redwood Energy Growth Class Approved
December 13, 2013
TORONTO, ONTARIO–(Marketwired – Dec. 13, 2013) – Redwood Asset Management Inc. (“Redwood”) and Aston Hill Asset Management Inc. (“Aston Hill”) are pleased to announce the results of the meeting of securityholders (the “Meeting”) of the Redwood Energy Growth Class (the “Fund”) held on December 13, 2013. The Fund represents the sole outstanding class of mutual fund shares of Ark Resource Corp. (“Ark Corp.”).
At the Meeting, securityholders of the Fund approved the previously announced change of manager of the Fund from Redwood to Aston Hill (the “Change of Manager”). The Change of Manager is expected to become effective on or about January 1, 2014.
Effective on the Change of Manager, the name of the Fund will be changed by Aston Hill to “AH Energy Growth Class”. There is no intention to change the current investment objectives, strategies or fees and expenses of the Fund.
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