Bringing you live news and features since 2006 

Redwood launches first ever ETF exchange offer for Redwood Canadian Preferred Share Fund


Redwood Asset Management has made an exchange offering for the ETF units of the Redwood Canadian Preferred Share Fund. Investors have until 15 September, 2017 to tender their preferred shares and other accepted securities in exchange for units of the Fund.

The offering, which closes on 22 September, 2017, is the first of its kind in Canada, and is another example in Redwood’s focus on delivering innovative solutions to Canadian investors. The Fund trades under the ticker symbol RPS on the NEO Exchange.
“We are excited to offer this opportunity to Canadian investors. With the recent appreciation in preferred shares, we believe that exchanging select preferred shares and ETFs for units in our actively managed ETF provides investors with the ability to continue to participate in the space while protecting recent gains,” says Shippen. “This ETF exchange offering will allow investors who have participated in the preferred share market to exchange their individual securities for a diversified, actively managed basket of preferred shares that we believe hold superior risk/reward opportunities.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by