TORONTO, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Redwood Asset Management Inc. announced today that Redwood Low Volatility High Income Fund (the “Trust”) (TSX:LOW.UN) will terminate on March 30, 2018 (the “termination date”). Prior to the termination date, the Trust will liquidate its asset and set aside sufficient cash to pay its outstanding liabilities. On or about March 30, 2018, the Trust will pay the net asset value per unit to its unitholders for each unit they hold, and cancel the outstanding units. No further action is required to be taken by unitholders to receive such payment. The last day on which the Trust’s units will trade on the Toronto Stock Exchange will be March 28, 2018. The Trust does not currently expect to pay a further distribution to unitholders in connection with its termination.
About Redwood Asset Management
Redwood Asset Management is a Toronto-based investment fund manager, focused on delivering unique investment solutions managed by boutique global investment managers to Canadian investors. Redwood Asset Management is a wholly owned subsidiary of Purpose Investments Inc., which has over $4.9 billion in assets under management. More information about Redwood's product offerings is available at www.redwoodasset.com.
For more information please contact:
Peter Shippen
President & CEO, Redwood Asset Management
T: 416.304.6811
pshippen@redwoodasset.com
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to U.S. news wire services.