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Redwood Announces Proposed Changes to Trapeze Value Class

TORONTO, ONTARIO – (Marketwire – Nov. 26, 2012) – Redwood Asset Management Inc., (“Redwood”) a Toronto based investment fund manager that distributes unique, actively managed investment funds, focused on addressing specific client needs, announced changes to one mutual fund effective on or about February 15, 2013.

Investment Objective Change and Fee Change

On November 23, 2012, Redwood Asset Management Inc. (“Redwood”) announced proposed plans to change the fundamental investment objective and to increase the incentive fee charged by Redwood to Trapeze Value Class. At a special meeting of securityholders to be held on or about February 15, 2013, the Manager will seek approval of the securityholders of Trapeze Value Class in connection with the proposed changes.

Incentive Fee Change

If securityholders of Trapeze Value Class approve the proposed incentive fee change, the incentive fee relating to securities of Trapeze Value Class will increase from 10% to 20% and the benchmark will change from the S&P/TSX Composite Index to a 50/50 blend of the S&P/TSX Composite Index and S&P 500 Index, effectively on or about February 15, 2013.

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