TORONTO, April 24, 2018 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) held the adjourned special meeting today relating to the approval of the following previously announced merger (the “Merger”):
| TERMINATING FUND | CONTINUING FUND |
| Redwood Energy Income Fund (formerly LOGiQ Advantage Oil & Gas Income Fund) | Purpose Global Resource Fund (formerly Redwood Resource Growth & Income Fund and LOGiQ Resource Growth and Income Class) |
In accordance with applicable legal requirements, securityholders of Redwood Energy Income Fund were required to approve the Merger. At the special meeting, such securityholders approved a special resolution to authorize the Merger. It is anticipated that the Merger will, pending final approvals, be effective after the close of business on May 4, 2018.
Complete details regarding the Merger and the matters considered at the special meeting were outlined in the management proxy circular dated March 12, 2018 sent to securityholders of Redwood Energy Income Fund of record as of March 12, 2018.
About Purpose Investments
Purpose Investments Inc. is an asset management company with approximately $5.2 billion under management. Purpose has an unrelenting focus on customer-centric innovation, and offers a range of managed and quantitative investment products. Purpose is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.
For further information please contact:
Nancy Turner
Purpose Investments Inc.
Tel: (877) 789-1517
Email: info@purposeinvest.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.