TORONTO, Feb. 1 /CNW/ - Ridgewood Capital Asset Management Inc. ("Ridgewood"), the manager of Ridgewood Canadian Bond Fund (the "Fund"), announced today that it has amended the investment strategies and
distribution policies of the Fund.
The Fund's investment strategies have been amended to increase the
expected maximum allocation of the Fund's net assets to fixed income
securities of foreign issuers from 20% to 30%. Also, the Fund announced
its intention to make monthly distributions of net income to its
Unitholders, beginning with a distribution to Unitholders of record as
of February 28, 2011. The Fund will continue to distribute any net
capital gains annually in December.
Ridgewood provides investment counselling and portfolio management
services to private clients, foundations, endowments, First Nations,
and open and closed-end investment funds.
SOURCE Ridgewood Capital Asset Management Inc.
For further information:
please visit us at www.ridgewoodcapital.ca or contact John H. Simpson, CFA at 416 479 2751.