Redwood Asset Management Announces Management Fee Reduction for the Redwood Emerging Markets Dividend Fund

TORONTO, ON--(Marketwired - May 11, 2017) - Redwood Asset Management Inc. ("Redwood") is pleased to announce that the management fee associated with the Redwood Emerging Markets Dividend Fund ("the Fund") has been reduced by 40%, effective May 1, 2017. As such, the management fee of Series F of the Fund will decrease from 1.50% to 0.90%, and the management fee of Series A will decrease from 2.50% to 1.90%.

"We are very excited to be able to pass along these fairly significant cost savings to investors," said Peter Shippen, President and Chief Executive Officer of Redwood Asset Management. "Fees are a very important topic for advisors and their clients, and the ability to offer our unique, effective strategy with lower fees than many other actively managed funds with similar mandates is yet another essential step forward in the long-term evolution of our business. Since the transaction with Purpose Investments, we continue to focus on ways to generate additional long-term value for investors, and we believe this fee reduction represents a meaningful way to help our clients achieve their goals."

Redwood Emerging Markets Dividend Fund is sub-advised by Somerset Capital Management, a specialist manager with a sole focus on global emerging markets and a pioneer in dividend investing in these regions. "Somerset's active approach and focus on downside protection provide Canadians with a unique way to participate in the high growth and diversification benefits of emerging markets," continued Mr. Shippen. "And the Fund's impressive track record, low relative volatility -- and now, lower fees -- further enhance, in our view, the value proposition the Fund represents."

Redwood Emerging Markets Dividend Fund
The Redwood Emerging Markets Dividend Fund aims to generate capital appreciation by investing in a basket of emerging market equities, while mitigating downside risk. A secondary objective of the Fund is to generate a high level of dividend income from those investments.

Information on this fund can be found at https://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.