Redwood Launches Preferred Share Exchange

Redwood Asset Management Inc. is pleased to announce an exchange offering for units of the Redwood Floating Rate Preferred Fund (the “Fund”).
  • The Fund is accepting in kind purchases by way of exchange via CDS.
  • Participating in the exchange allows investors to take advantage of tax loss harvesting, while remaining exposed to the preferred share market.
  • The Fund has a monthly distribution targeted at 4.5% annually.

For additional details of the offering, including a list of eligible securities and a term sheet, please contact your Redwood wholesaler, or email us at: exchange@redwoodasset.com.

 

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