Redwood Asset Management Inc. Announces Daily Pricing for Series A and F Units of Redwood Diversified Equity and Income Funds
September 11, 2008
TORONTO, ONTARIO – (Marketwire – Sept. 11, 2008) – Redwood Asset Management Inc., the manager of Redwood Diversified Equity Fund (RAM 201, RAM 211) and Redwood Diversified Income Fund (RAM 202, RAM 222), today announced that effective from September 15, 2008 and subject to regulatory approval, the Series A and F Units of Redwood Diversified Equity Fund (RAM 201, RAM 211) and Redwood Diversified Income Fund (RAM 202, RAM 222) will increase the frequency of net asset value calculations from weekly to daily. This will allow for daily redemptions and purchases. Daily redemptions will be accepted effective September 15, 2008 and daily purchases will be accepted upon regulatory approval. “We have begun to attract the attention of numerous managed asset platforms from a number of institutions and in order for us to accommodate this growing interest we need to move our valuations from weekly to daily” says Shane Bozzer, Redwood’s Executive Vice President, National Sales.