Redwood Asset Management Inc. Opens the Market

TORONTO, Dec. 21, 2016 /CNW/ - Peter Shippen, President & CEO, Redwood Asset Management Inc., joined Dani Lipkin, Business Development, Exchange Traded Funds, Closed-End Funds, and Structured Notes, TMX Group to open the market to launch Canadian Investment Grade Preferred Share Fund (P2L) (RIGP.UN). Redwood Asset Management Inc., which is a wholly-owned subsidiary of Purpose Investments Inc., is the manager of the Fund. RIGP.UN is a Closed-End Fund that uses the Unit Traded Fund (UTF) structure. RIGP.UN commenced trading on Toronto Stock Exchange on December 19, 2016.

SOURCE TMX Group Limited

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