Global Credit Pref Corp.
TSX : GPA.PR.A

Global Credit Pref Corp.
Gatehouse Capital Inc.

Gatehouse Capital Inc.
Redwood Asset Management Inc.

Redwood Asset Management Inc.

February 19, 2010 20:00 ET

Gatehouse Announces Investment Adviser Change on Global Credit Pref. Corp.

TORONTO, ONTARIO--(Marketwire - Feb. 19, 2010) - Gatehouse Capital Inc., a wholly-owned subsidiary of Redwood Asset Management Inc., announced today, that effective February 16, 2010, SciVest Capital Management Inc. assumed investment advisory responsibility for Global Credit Pref Corp. (TSX:GPA.PR.A) and the underlying trust, Global Credit Trust.

Global Credit Pref Corp. is a mutual fund corporation that issued 10-year redeemable, retractable cumulative preferred shares. The corporation has exposure, by way of an equity forward sale agreement, to a structured credit linked note issued by The Toronto-Dominion Bank and held by Global Credit Trust, the return on which is currently linked to the credit performance of 120 reference entities.

The passive nature of the reference portfolio and investment objectives for the corporation have not changed as a result of this change nor has any of the other service providers to the corporation or trust been affected.

The preferred shares are listed for trading on the Toronto Stock Exchange under the symbol GPA.PR.A.

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