PURPOSE INVESTMENTS INC. AND REDWOOD ASSET MANAGEMENT INC. ANNOUNCE CHANGE IN LISTING VENUE FOR CERTAIN INVESTMENT FUNDS

Purpose Investments Inc. (“Purpose”) and Redwood Asset Management Inc. (“Redwood”) are pleased to announce they have received conditional approval to change the listing venue for certain Closed End Funds (“CEFs”) and Unit Traded Funds (“UTFs”). Purpose intends to migrate two risk-managed CEFs and two risk-managed UTFs and Redwood intends to migrate two UTFs (collectively, “the Funds”) from the Toronto Stock Exchange (the “TSX”) to the Aequitas NEO Exchange (“NEO”), as follows:

 

Manager Fund Name Ticker
Purpose U.S. Banks Income & Growth Fund PUB.UN
Purpose Limited Duration Investment Grade Preferred Securities Fund

–        FX Hedged

–        USD

 

PFD.UN

PFD.U

Purpose Investment Grade Managed Duration Income Fund PFU.UN
Purpose Energy Credit Opportunities Income Fund

–        Currency Hedged

–        USD

 

PCF.UN

PCF.U

Redwood Canadian Investment Grade Preferred Share Fund (P2L) RIGP
Redwood June 2021 Investment Grade Bond Pool RBP.UN

 

 

Purpose and Redwood have received conditional approval from the NEO to list each of the above listed units of the Funds on the NEO exchange. Purpose and Redwood anticipate that the securities of the Funds will be voluntarily delisted from the TSX on Wednesday, December 27, 2017 and listed on the NEO Exchange on Thursday, December 28, 2017.

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