Redwood Launches Preferred Share Exchange
June 13, 2016
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: firstname.lastname@example.org.