Merger Details:

Effective May 4, 2018 Redwood Floating Rate Bond Fund - Class U merged into Redwood Floating Rate Income Fund - Class U (ISL.U) on a tax deferred basis. Unitholders of the Bond Fund received 0.97114 units of the Income Fund for each unit. Effective June 14, 2018 the name of Redwood Floating Rate Income Fund - Class U (ISL.U) was changed to Purpose Floating Rate Income Fund - Class U (FLOT.U). On August 17, 2018 the fund converted (on a tax deferred basis) to an ETF of the same name (FLOT.U).