/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES./
TORONTO, Nov. 28, 2011 /CNW/ - Ridgewood Capital Asset Management Inc.
is pleased to announce that it has filed a preliminary short form
prospectus (the "Prospectus") in each of the provinces of Canada with
respect to an additional offering of units of Ridgewood Canadian
Investment Grade Bond Fund (the "Fund") (RIB.UN:TSX).
The Fund seeks to achieve the following investment objectives: (i) to
provide unitholders with monthly cash distributions, currently targeted
to be 5.25% per annum on the original issue price of $12.00 per unit;
and (ii) to maximize total returns for unitholders while preserving
capital in the long term.
The syndicate of agents for the offering is being co-led by TD
Securities Inc., CIBC and RBC Capital Markets and includes BMO Capital
Markets, GMP Securities L.P., National Bank Financial Inc., Scotia
Capital Inc., Raymond James Ltd., Canaccord Genuity Corp., Macquarie
Group and Manulife Securities Incorporated.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States, nor
shall there by any sale of the securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful. The securities of
the Fund offered have not been registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not
be offered or sold in the United States or to a U.S. person absent
registration under the 1933 Act or an applicable exemption from the
registration requirements of the 1933 Act and applicable state
This offering is only made by way of the Prospectus. The Prospectus
contains important information relating to the units and has been filed
with securities commissions or similar authorities in all provinces of
Canada. The Prospectus is still subject to completion or amendment.
Copies of the Prospectus may be obtained from your registered financial
advisor or any of the syndicate members listed above. Investors should
read the Prospectus before making an investment decision. There will
not be any sale or any acceptance of an offer to buy the units until a
receipt for the final prospectus has been issued.
About Ridgewood Capital Asset Management Inc.:
Ridgewood is an independent investment manager that manages
approximately $1 billion in assets for a diversified client base of
high net worth individuals, foundations/endowments, First Nation
mandates and institutional accounts, of which approximately $500
million is invested in fixed income assets.
SOURCE Ridgewood Canadian Investment Grade Bond Fund
For further information:
please call John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at (416) 479-2751.