Redwood Announces Fund Changes
April 27, 2016
Toronto, Ontario–(Newsfile Corp. – April 26, 2016) – Effective on or about April 20, 2016, Redwood Asset Management announces the name and portfolio advisor of Redwood Global Innovations Class are changed, along with commensurate modifications to the investment objective and strategies, as well as risk rating of the fund, to better reflect the strategies of the portfolio advisor.
The name of the fund is changed from Redwood Global Innovations Class to First Avenue Dividend Growers Class. The portfolio advisor of the fund is changed to Redwood Asset Management Inc. The fund type will change from Global Equity to North American Equity.
The investment objective of the fund is changed to the following: To generate long-term capital growth. The fund invests predominantly in equity securities of North-American equities, and primarily mid and large capitalization. It may also invest in securities of foreign companies.
The risk rating for the Fund will change from “medium to high” to “medium”. This is a result of the change to the investment objective and fund category.
Redwood Asset Management Inc. is currently the sole securityholder of Redwood Global Innovations Class.
For more information please contact:
Peter Shippen, President
Redwood Asset Management