Ontario Commission des P.O. Box 55, 19th Floor CP 55, 19e étage
Securities valeurs mobilières 20 Queen Street West 20, rue queen ouest
Commission de l’Ontario Toronto ON M5H 3S8 Toronto ON M5H 3S8
Web site: www.osc.gov.on.ca
VIA SEDAR
July 14, 2015
Redwood Asset Management Inc.
Attention: Fern Karsh
Dear Sirs/Mesdames:
Re: Redwood Asset Management Inc. (the Filer)
Preliminary Simplified Prospectus, Annual Information Form and Fund Facts dated April 14, 2015
Connected Wealth Tactical Class and Connected Wealth Core Income Class (collectively, the Funds)
Application under section 6.1 of National Instrument 81-101 – Mutual Fund Prospectus Disclosure (NI 81-101) for an extension of the 90 day period under subsection 2.1(2) of NI 81-101
Application No. 2015/0446; SEDAR Project No. 2335447
By letter dated July 8, 2015 (the Application), the Filer, as the manager of the Funds, applied on behalf of the Funds to the Director of the Ontario Securities Commission (the Director) under section 6.1 of NI 81-101 for relief from subsection 2.1(2) of NI 81-101, which prohibits a mutual fund from filing a prospectus more than 90 days after the date of the receipt for the preliminary simplified prospectus.
This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Funds’ prospectus, subject to the condition that the prospectus be filed no later than September 14, 2015.
Yours very truly,
“Vera Nunes”
Vera Nunes
Manager, Investment Funds Branch
Ontario Securities Commission