TORONTO, Dec. 12, 2017 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) and Redwood Asset Management Inc. (“Redwood”) are pleased to announce they have received conditional approval to change the listing venue for certain Closed End Funds (“CEFs”) and Unit Traded Funds (“UTFs”). Purpose intends to migrate two risk-managed CEFs and two risk-managed UTFs and Redwood intends to migrate two UTFs (collectively, “the Funds”) from the Toronto Stock Exchange (the “TSX”) to the Aequitas NEO Exchange (“NEO”), as follows:
| Manager | Fund Name | Ticker |
| Purpose | U.S. Banks Income & Growth Fund | PUB.UN |
| Purpose | Limited Duration Investment Grade Preferred Securities Fund – FX Hedged – USD |
|
| Purpose | Investment Grade Managed Duration Income Fund | PFU.UN |
| Purpose | Energy Credit Opportunities Income Fund – Currency Hedged – USD |
|
| Redwood | Canadian Investment Grade Preferred Share Fund (P2L) | RIGP |
| Redwood | June 2021 Investment Grade Bond Pool | RBP.UN |
Purpose and Redwood have received conditional approval from the NEO to list each of the above-listed units of the Funds on the NEO exchange. Purpose and Redwood anticipate that the securities of the Funds will be voluntarily delisted from the TSX on Wednesday, December 27, 2017 and listed on the NEO Exchange on Thursday, December 28, 2017.
About Purpose Investments Inc.
Purpose Investments Inc. is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $3.6 billion in assets under management and currently offers 35 exchange traded funds and mutual funds and 7 closed-end funds across multiple asset classes and both traditional and alternative investment strategies. Redwood Asset Management, a wholly owned subsidiary of Purpose, is a Toronto-based investment fund manager focused on delivering unique investment solutions managed by boutique global investment managers to Canadian investors.
For further information please contact:
Nancy Turner
Purpose Investments Inc.
Tel: (877) 789-1517
Email: [email protected]
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.