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Subject: TAKEOVERS/ LETTER of INTENT

Purpose Investments Inc. Announces Closing of Transaction With LOGiQ Asset Management Inc.


TORONTO, ONTARIO--(Marketwired - Dec. 18, 2017) - Purpose Investments Inc. ("Purpose") today announced that its previously announced transaction to acquire substantially all of the retail asset management agreements owned by LOGiQ Asset Management Inc. ("LOGiQ") and its affiliates (the "Transaction").

As a result of the Transaction, the name of the each of the funds noted in the table below (collectively, the "Funds") changed effective December 15, 2017 and certain other changes (described below) have been made or will be made following the closing of the Transaction (the "Closing") as outlined in the table below:

Old Name   New Name   Changes
LOGiQ Global Balanced Income Class   Redwood Global Balanced Income Fund   Change of manager and portfolio manager to Redwood Asset Management Inc. ("Redwood") effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Balanced Monthly Income Class   Redwood Balanced Income Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Global Opportunities Class   Redwood Global Opportunities Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ MLP and Infrastructure Income Class   Redwood MLP & Infrastructure Income Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Money Market Class   Redwood Money Market Fund   Change of manager and portfolio manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Resource Growth and Income Class   Redwood Resource Growth & Income Fund   Change of manager and portfolio manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Special Opportunities Class   Redwood Special Opportunities Fund   Change of manager and portfolio manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Tactical Bond Class   Redwood Tactical Credit Fund   Change of manager and portfolio manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Tactical Equity Class   Redwood Tactical Equity Fund   Change of manager and portfolio manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Growth Fund   Redwood Growth Fund   Change of manager and portfolio manager to Redwood effective on Closing

Change of trustee effective following Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Tactical Bond Fund   Redwood Tactical Bond Fund   Change of manager and portfolio manager to Redwood effective on Closing

Change of trustee effective following Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Global Resource Fund   Redwood Global Resource Fund   Change of manager, trustee and portfolio manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ High Income Fund   Redwood High Income Fund   Change of manager, trustee and portfolio manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Strategic Yield Fund   Redwood Strategic Yield Fund   Change of manager, trustee and portfolio manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
LOGiQ Total Return Fund   Redwood Total Return Fund   Change of manager and trustee to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing
Australian Banc Income Fund   To be renamed Redwood Global Financials Fund effective on or about February 28, 2018 (originally to have been effective December 15, 2017)   Change of manager to Redwood effective on Closing

Change investment objectives to global financials portfolio effective on or about February 28, 2018 (originally to have been effective December 15, 2017)

Change of investment restrictions effective on or about February 28, 2018 (originally to have been effective December 15, 2017)

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the Class A units of the Fund) and open-end fund (in respect of the Class F units of the Fund) effective following Closing
Canadian 50 Advantaged Preferred Share Fund   N/A   Change of manager to Redwood effective on Closing

Merger into Redwood Canadian Preferred Share Fund effective on or about December 22, 2017 (originally to have been effective December 15, 2017)
Global Capital Securities Trust   Redwood Global Financials Income Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the Class A units of the Fund) and open-end fund (in respect of the Class F units of the Fund) effective following Closing
LOGiQ Advantage Oil & Gas Income Fund   Redwood Energy Income Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the units of  the Fund) and open-end fund effective following Closing
LOGiQ Advantage VIP Income Fund   Redwood Advantage Monthly Income Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the units of  the Fund) and open-end fund effective following Closing
LOGiQ AVIP Trust     Redwood AVIP Trust   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing
LOGiQ O&G Trust     Redwood O&G Trust   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing
LOGiQ VIP Income Fund   Redwood Monthly Income Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the units of  the Fund) and open-end fund effective following Closing
Low Volatility Canadian Equities Income Fund   Redwood Low Volatility High Income Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the units of  the Fund) and open-end fund effective following Closing
Macquarie Global Infrastructure Income Fund   Redwood Global Infrastructure Income Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the units of  the Fund) and open-end fund effective following Closing
Voya Floating Rate Senior Loan Fund   Redwood Floating Rate Income Fund   Change of manager to Redwood effective on Closing

Expand investment objectives to add other corporate fixed income securities in addition to senior loans effective on Closing

Change of investment restrictions effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the Class A and Class U units of the Fund) and open-end fund effective following Closing
Voya Diversified Floating Rate Senior Loan Fund   Redwood Floating Rate Bond Fund   Change of manager to Redwood effective on Closing

Expand investment objectives to add other corporate fixed income securities in addition to senior loans effective on Closing

Change of auditor to Ernst & Young LLP effective following Closing

Change of trustee to Redwood effective following Closing

Conversion to an ETF (in respect of the Class A and Class U units of the Fund) and open-end fund effective following Closing
LOGiQ Credit Opportunities Fund   Redwood Credit Opportunities Fund   Change of manager and trustee to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing

Authorizing conversion to a public mutual fund subject to the requirements of National Instrument 81-102 - Investment Funds ("NI 81-102") following Closing
LOGIQ Select Equity Fund   Redwood Select Equity Fund   Change of manager to Redwood effective on Closing

Change of auditor to Ernst & Young LLP following Closing

Change of trustee to Redwood effective following Closing

Authorizing conversion to a public mutual fund subject to the requirements of NI 81-102 following Closing

About Purpose Investments Inc.

Purpose 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 $3.5 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.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. 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.


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