Redwood Asset Management announced exchange ratios for the merger of Canadian 50 Advantaged Preferred Share Fund into Redwood Canadian Preferred Share Fund

Each holder of Class A units and Class F units of Canadian 50 will automatically receive 0.701142 ETF units and 0.735713 ETF units, respectively, of the continuing fund for each Class A unit and Class F unit of Canadian 50 held, on the effective date of the merger (December 22, 2017).

Units of Canadian 50 were delisted from the Toronto Stock Exchange at the close of business on December 21, 2017.