Redwood Asset Management Corporate Update
February 4, 2010
TORONTO, ONTARIO–(Marketwire – Feb. 4, 2010) – Redwood Asset Management Inc.(“Redwood”), a Toronto-based manager of investment funds marketed under the Redwood, Ark and SciVest brands, along with its wholly-owned subsidiary Gatehouse Capital Inc., provide the following corporate and fund update for investors.
Change of Control of Ark
On August 31st, 2009, Redwood, in a share exchange, acquired all the outstanding shares of Ark Financial Holdings Ltd., the parent company to Ark Fund Management Ltd. (“Ark”). Consequently, Redwood became the indirect owner of Ark through its ownership of Ark Holdings. Ark was the manager and promoter of the Ark Mutual Funds and other investment funds, and was the trustee of those funds structured as trusts.
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