Caldwell Investment Management Ltd.

August 26, 2013 16:15 ET

Change of Trustee and Manager of Redwood Global High Dividend Fund

TORONTO, ONTARIO--(Marketwired - Aug. 26, 2013) - Caldwell Investment Management Ltd. ("Caldwell") is pleased to announce that the proposed change of trustee and manager of Redwood Global High Dividend Fund (the "Fund") from Redwood Asset Management Inc. to Caldwell has received all necessary unitholder and regulatory approvals and is now complete.

The name of the Fund has been changed to "Clearpoint Global Dividend Fund". Units of the Fund are now offered for sale to investors pursuant to a simplified prospectus and annual information form dated July 30, 2013. Investors may contact their investment advisors and financial planners for copies of this simplified prospectus.

Fox Asset Management, LLC ("Fox"), a division of Eaton Vance Company, is the sub-portfolio advisor of the Fund. The portfolio advisory team at Fox is led by its Director and Senior Portfolio Manager, Bill Dodge, who has over 35 years of investment experience, including over 4 years leading the sub-advisory team for the Fund. Bill's team at Fox includes Bradley S. Daniels, Managing Director and Director of Research and Robert J. Milmore, Vice-President and Portfolio Manager. Bill runs a conservative and disciplined portfolio with a focus on achieving superior investor protection during turbulent markets.

Caldwell Investment Management Ltd. is a Toronto-based portfolio manager and investment fund manager that offers separately managed accounts, mutual fund and pooled fund products to Canadian investors. Caldwell is a wholly-owned subsidiary of Caldwell Financial Ltd., which is 100% controlled by its employees. Caldwell's management team has worked together for over 30 years.

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.

This news release contains certain "forward-looking statements". The statements that are not historical facts contained in this press release are forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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