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Redwood Announces Fund Change

TORONTO, ONTARIO–(Marketwire – Jan. 25, 2010) – 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 effective on or about February 1st, 2010. The Fund’s name will also be changed on this date to Trapeze Value Class.

Aston Hill Financial Inc. continues as portfolio advisers to two top-quartile portfolios within the Ark Family of Funds; the Ark Aston Hill Monthly Income Class and the Ark Aston Hill Energy Class.

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