Redwood Asset Management Inc. Announces Estimated Annual Capital Gains Distribution
December 04 2017 - 5:59PM
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 |
ExchangeSymbol |
EstimatedAnnualCapital GainsDistributionPer
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 |
ExchangeSymbol |
EstimatedAnnualCapital GainsDistributionPer
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.
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