Caldwell Investment Management Ltd.

December 13, 2013 16:24 ET

Clearpoint Global Dividend Fund (the "Fund") (formerly, Redwood Global High Dividend Fund): Addition of Low Load Option and Change of Portfolio Manager

TORONTO, ONTARIO--(Marketwired - Dec. 13, 2013) -

THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES.

Caldwell Investment Management Ltd. ("Caldwell") is pleased to announce that it has filed an Amended and Restated Simplified Prospectus with the applicable regulatory authorities for the purpose of offering a Low Load Redemption Charge option (the "LSC Option") for the purchase of units of series A of the Fund. Under the proposed LSC Option, a purchaser of the series A units would not incur a sales charge for purchasing units of the Fund. If units purchased under such option are redeemed within three years of purchase, a redemption fee would be charged on the units being redeemed. This option to purchase series A of the Fund will be available upon receipt by the regulatory authorities of the Amended and Restated Simplified Prospectus dated and filed on December 11, 2013

Caldwell also announces that it has replaced SciVest Capital Management Inc. as the portfolio manager of the Fund effective December 11, 2013. This change of portfolio manager is administrative in nature and does not have any material effect on the management or the investment strategy of the Fund. As the sub-portfolio advisor of the Fund, Fox Asset Management, LLC ("Fox") has been advising the Fund on portfolio investments since 2010 and will continue to act in such capacity. Caldwell, as the manager and portfolio manager of the Fund, is responsible for the investment decisions made by Fox in respect of the Fund.

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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