If the star orbits a more massive star, and very closely, then it's destined to become a Type 1 supernova: matter from the larger star will spiral onto the surface of the dwarf, periodically flashing into brilliance as the dwarf's mass limit is passed, then finally exploding altogether and flinging its contents into space.
Otherwise, the most likely fate is a slow fading to the point where the dwarf's temperature is only a degree or two above absolute zero. By this time, the other bright stars in the galaxy will have run their course and the only visible illumination will be the dull glow of the remaining red dwarfs.