Redwood Asset Management Announces Change of Fund Names and Launch of New ETF Series of Connected Wealth Funds

TORONTO, ON--(Marketwired - May 24, 2017) - Redwood Asset Management Inc. ("Redwood") is pleased to announce that the Connected Wealth Tactical Class and Connected Wealth Core Income Class (the "Funds") have been rebranded as the Redwood Tactical Asset Allocation Fund (RTA) and Redwood Core Income Equity Fund (RDE), respectively. In addition, Redwood has completed the initial public offering of ETF units of the Funds. The ETF shares will begin trading on the Aequitas NEO Exchange ("NEO") as of May 24, 2017 under the ticker symbols RTA and RDE.

"Working with Craig Basinger and the Connected Wealth team over the past two years has been a great experience for advisors and their clients," said Peter Shippen, President and Chief Executive Officer of Redwood Asset Management. "As our business continues to evolve, we are pleased to be able to solidify our relationship with a team that is so supportive of our vision and working with us to deliver the best solutions possible for investors. Adding ETF series to these Funds represents a necessary extension of distribution of Redwood's unique strategies, and broadens access and choice for investors seeking truly active ETFs."

"We are very excited to now be able to offer clients ETF versions of our volatility-managed tactical asset allocation and core income equity funds," said Craig Basinger, Chief Investment Officer of Richardson GMP. "With markets near all-time highs, we have found that investors are looking to add tactical strategies that provide upside capture while mitigating drawdowns in poor markets."

Redwood Tactical Asset Allocation Fund

The Redwood Tactical Asset Allocation Fund aims to provide long-term capital appreciation with lower volatility and correlation to the overall equity markets by investing in ETFs that are listed on North American exchanges and that represent North American equities, bonds and cash, using a tactical approach. The Fund's tactical investment approach can allocate the portfolio to equities, bonds and cash to achieve its objectives.

Redwood Core Income Equity Fund

The Redwood Core Income Equity Fund aims to outperform the Canadian equity market over a time period longer than 5 years, by investing primarily in large capitalization, dividend paying stocks of Canadian issuers. To assist in achieving this objective, the Fund may, from time to time, overweight its assets in specific industry sectors, and the Fund may also invest in U.S. stocks to provide greater return potential and better diversification.

Information on these funds can be found at www.redwoodasset.com or by speaking with your investment advisor.

About Redwood Asset Management

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 $3.3 billion in assets under management. More information about Redwood's product offerings is available at www.redwoodasset.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.