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Classified in: Business
Subject: BUSINESS CONTRACTS

Goodwood Inc. Terminates Sub-Advisory Arrangement for the Goodwood Capital Fund


TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Goodwood Inc. ("Goodwood"), the Manager of Goodwood Capital Fund (the "Fund"), announced today that the arrangement with Waypoint Investment Partners Inc. ("Waypoint"), pursuant to which Waypoint sub-advised the management of the Fund's investment portfolio, has been terminated. Effective October 23, 2023 Gajan Kulasingam, CFA, CPA, CA has rejoined Goodwood's investment team and has resumed his role as lead portfolio manager for the Fund. Waypoint was first appointed as sub-advisor to the Fund in October 2021 when Mr. Kulasingam left Goodwood to join Waypoint. Accordingly, the Manager and Waypoint have agreed to terminate the sub-advisory arrangement between them.   In his role as lead Portfolio Manager, Mr. Kulasingam will be principally responsible for the day-to-day investment management of the Fund and for the investment decisions executed on behalf of the Fund. Peter Puccetti, CFA, Chairman and Chief Investment Officer of the Manager, will continue to have ultimate investment oversight. There will be no change to the Fund's investment objective or investment strategies.

Curt Cumming, President of Goodwood commented: "We are very pleased with Gajan's return, and Unitholders will continue to benefit from his extensive investment knowledge and financial industry experience."

Goodwood is a Toronto-based independent investment management firm that has provided institutional and high-net-worth clients with alternative investment strategies for over 26 years. The firm's senior investment teams use their unique, company-specific, value-oriented investment approach, with a strong focus on equity special events and credit opportunities. Goodwood's strategies generate idiosyncratic return profiles with low correlation to the broader market. Goodwood's approach is focused on the preservation of capital through extensive and rigorous investment analysis on a position and portfolio basis.

Additional information about Goodwood is available at www.goodwoodfunds.com

Curt Cumming
President, Goodwood Inc.
(416) 203-2522, [email protected]
Website: www.goodwoodfunds.com



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