Redwood announces change to risk rating for Redwood Income Growth Class
May 11, 2016
TORONTO, ONTARIO–(Newsfile Corp. – May 11, 2016)
Effective on or about May 9, 2016, Redwood Asset Management Inc. (“Redwood”), the manager of Redwood Income Growth Class, announced that it is changing the risk rating associated with Redwood Income Growth Class. This change will be reflected in the renewal simplified prospectus for the Redwood funds, dated May 11, 2016 (the “Simplified Prospectus”).
Following an annual review of all mutual funds in the Simplified Prospectus under its risk rating methodology, which is based on the approach recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada, Redwood has determined that it is appropriate to reduce the risk rating for Redwood Income Growth Class from “medium to high” to “medium”. No material changes have been made to the fund’s investment objectives or strategies.
The methodology used by Redwood to identify the investment risk level of each Redwood mutual fund is available at no cost by calling us at 416-304-6800 or 1-877-313-7011, or writing us at email@example.com.
For more information please contact:
President Redwood Asset Management