Redwood Asset Management Inc. Announces Intention to Terminate the Redwood Global Equity Strategy Fund

Redwood Asset Management Inc. (“Redwood”), in its capacity as manager, announced today its intention to terminate the Redwood Global Equity Strategy Fund on or about October 30, 2017. Effective August 28, 2017, the Fund will be closed to new purchases, including any pre-authorized purchase plans.

The decision to close the Fund was driven by the relatively small asset size and the costs associated with maintaining a fund of this size. Such factors have made it difficult to efficiently manage the Fund in accordance with its intended investment objectives and, in the view of Redwood, closing the Fund is in the best interests of shareholders.

As of today’s date, the Fund may begin liquidating its portfolio investments and may no longer be fully invested in accordance with the stated investment objectives outlined in the Simplified Prospectuses.

Existing shareholders of the Fund have the option to redeem their investments at net asset value on or prior to the termination date.  All shares not redeemed prior to the Fund’s closure will be automatically redeemed at that time.

If required, a final distribution for the Fund will occur on or before the termination date.

In accordance with securities legislation, a notice describing details of the Fund’s termination will be sent to shareholders of the Fund no less than 60 days prior to the effective date of termination. Redwood encourages all shareholders to consult with their financial advisors to discuss the financial and tax implications of the termination and to determine the best course of action based on their personal investment needs and circumstances.

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