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CORRECTION FROM SOURCE: Redwood Announces Fund Change

TORONTO, ONTARIO–(Marketwire – Jan. 25, 2010) – A correction from source is being issued with respect to the release that was disseminated on January 25, 2010 at 13:55 ET. The timelines provided in the first paragraph were not accurate. The complete and corrected release follows.

Redwood Asset Management today announced changes to the Ark Aston Hill Opportunities Class (the “Fund,”) a class of Ark Mutual Funds Ltd.

Pursuant to an Investment Management Agreement dated January 21, 2010, Trapeze Asset Management Inc. will assume management of the Fund. The Fund’s name has also been changed to Trapeze Value Class.

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