TORONTO, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Redwood Asset Management Inc. (“Redwood”) today announced the estimated annual capital gains distributions for its open-end exchange-traded funds and closed-end funds (“Funds”) for the 2017 tax year end. The distributions represent capital gains realized during the year and will not be paid in cash, but will be reinvested in additional units and reported as taxable.
Please note that these are estimated amounts only, as of November 28, 2017. Circumstances may arise which would cause these estimates to change before the Funds’ tax year end on December 15, 2017 or December 31, 2017, as applicable.
Redwood expects to announce the final annual distribution amounts for the mutual fund trusts as well as the monthly and quarterly cash distributions for all Funds on or about January 5, 2018. For Redwood Fund Corp. and Connected Wealth Funds Inc., which are mutual fund corporations, final annual capital gains distributions will be announced on or about January 15, 2018, if necessary. As of November 28, 2017, Redwood Fund Corp. has no expected annual capital gains distribution. All annual capital gains distributions are considered notional distributions and are automatically reinvested in the funds at the time of the distribution.
| Open-End Funds | Exchange Symbol | Estimated Annual Capital Gains Distribution Per Unit | |
| Connected Wealth Funds Inc. | |||
| Redwood Core Income Equity Fund – ETF Series | RDE | - | |
| Redwood Tactical Asset Allocation Fund – ETF Series | RTA | - | |
| Redwood Mutual Fund Trusts | |||
| Redwood Canadian Preferred Share Fund – ETF Units | RPS | $ 0.1284 | |
| Redwood U.S. Preferred Share Fund – ETF Units | RPU1 | $ 0.2211 | |
| Redwood U.S. Preferred Share Fund Non-Currency Hedged – ETF Units | RPU.B / RPU.U | - | |
| Redwood Emerging Markets Dividend Fund – ETF Units | REM | - | |
| Closed-End Funds | Exchange Symbol | Estimated Annual Capital Gains Distribution Per Unit | |
| Canadian Investment Grade Preferred Share Fund (P2L) – Class T | RIGP.UN | - | |
| Canadian Investment Grade Preferred Share Fund (P2L) – Class A | unlisted | - | |
| June 2021 Investment Grade Bond Pool – Class T | RBP.UN1 | $ 0.1467 | |
| June 2021 Investment Grade Bond Pool – Class A | Unlisted1 | $ 0.1463 | |
(1) RPU and RBP.UN realized capital gains in 2017 primarily from hedging US dollar exposure.
About Redwood Asset Management Inc.
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 $3.6 billion in assets under management. More information about Redwood's product offerings is available at www.redwoodasset.com.
CONTACT INFORMATION
Redwood Asset Management
Peter Shippen
President & CEO
T: 1.877.789.1517
invest@redwoodasset.com
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.