Redwood to Acquire Gatehouse Capital
October 2, 2009
TORONTO, ONTARIO–(Marketwire – Oct. 2, 2009) – Gatehouse Capital Inc. (“Gatehouse”)(TSX:GPA.PR.A), a Toronto-based mutual fund and structured product distributor, announced today that it has signed a definitive agreement pursuant to which Redwood Asset Management Inc. (“Redwood”) will acquire all of the outstanding shares of Gatehouse.
Gatehouse is currently the Manager of the TIS Preservation & Growth Fund, a mutual fund trust advised by Larry Jeddeloh, the renowned editor of investment newsletter The Institutional Strategist and Managing Director and Chief Investment Officer of Minneapolis, Minnesota-based TIS Group, Inc. Gatehouse is also the manager of Global Credit Pref Corp. a TSX-listed structured product, and Global Credit Trust.
Redwood Asset Management recently completed a merger with Ark Fund Management and the combined entity is emerging as a key consolidator of small asset managers and a valuable partner for established and emerging portfolio managers seeking access to distribution in the Canadian marketplace.
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