Redwood Asset Management, Ark Funds to Merge

New firm seeks to consolidate small asset managers

TORONTO, ONTARIO–(Marketwire – Sept. 8, 2009) – Redwood Asset Management Inc. and Ark Financial Holdings Ltd. are pleased to announce their recent merger. The combined firm will continue to offer the highest quality mutual fund and alternative strategy funds delivering equity, income and market-neutral strategies to Canadian investors.

“The synergies between our two firms were just too large to ignore,” said Redwood CEO Jonathan Clapham. “Our products are complementary, our people mesh well together and with this combination we are better positioned to grow both organically and through acquisition.”

There are no changes to the firms’ Funds or sub-advisors which include Aston Hill Financial, Lawrence Decter Investment Counsel, SciVest Capital Management, NorthRoad Capital Management and Sentry Select Capital.

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