a subsidiary of Purpose Investments Inc.

Redwood Announces Final Annual Capital Gains Distributions For Closed-End Funds

Redwood Asset Management Inc. (“Redwood”) today announced the final annual capital gains distributions for its closed-end funds with a December 15, 2017 tax year end. The distributions represent capital gains realized during the year and will not be paid in cash, but will be reinvested in additional units and the resulting units immediately consolidated so that the number of units held by each investor will not change.

Unitholders of record at close of business on December 29, 2017, will receive the 2017 capital gains distributions.

Redwood expects to announce the final annual distribution amounts for closed-end funds with a December 31, 2017 tax year on or about January 6, 2018, if necessary. Redwood expects to announce the final annual distribution amounts for Redwood Fund Corp. and Connected Wealth Funds Inc., which are mutual fund corporations, on or about January 15, 2018, if necessary. All annual capital gains distributions are considered notional distributions and are automatically reinvested in the funds at the time of the distribution.

 

Closed-End Funds Exchange Symbol Final Annual Capital Gains Distribution Per Unit
Canadian Investment Grade Preferred Share Fund (P2L) – Class T RIGP.UN $ 1.6858
Canadian Investment Grade Preferred Share Fund (P2L) – Class A unlisted $ 2.2632
Australian Banc Income Fund – Class A AUI.UN $ 1.1761
Australian Banc Income Fund – Class F unlisted $ 1.3090
Redwood Global Financials Income Fund – Class A NAF.UN $ 0.9843
Redwood Global Financials Income Fund – Class F unlisted $ 1.1057
Redwood Low Volatility High Income Fund LOW.UN
Redwood Global Infrastructure Income Fund MQI.UN $ 0.8966

 

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Return to Press Releases