TSX Symbol: RIB.UN
TORONTO, May 15, 2013 /CNW/ - Ridgewood Canadian Investment Grade Bond
Fund is pleased to announce that a cash distribution of $0.0530 per
unit has been declared. The monthly distribution equates to an
annualized distribution rate of 5.30% on an initial subscription price
of $12.00 per unit. The distribution is payable on June 14, 2013 to
Unitholders of record at the close of business on May 31, 2013.
For more information please call John H. Simpson, CFA, Managing
Director, Ridgewood Capital Asset Management Inc. at (416) 479-2751.
About Ridgewood Canadian Investment Grade Bond Fund:
The Fund will seek to achieve the following investment objectives: (i)
to provide unitholders with monthly cash distributions targeted to be
5.3% 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.
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 $600
million is invested in fixed income assets.
SOURCE: Ridgewood Canadian Investment Grade Bond Fund
For further information:
John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at (416) 479-2751.