TORONTO, March 25, 2014 /CNW/ - Ridgewood Capital Asset Management Inc.
(the "Manager"), the manager of Ridgewood Canadian Bond Fund and Ridgewood Tactical
Yield Fund (together, the "Funds"), today announced that it has refiled the Funds' respective interim
management reports of fund performance (together, the "MRFPs") for the six months ended June 30, 2013 (the "Interim Period"). The MRFP of Ridgewood Canadian Bond Fund has been revised to reflect
that its management expense ratio (the "MER") during the Interim Period was 1.13%, not 0.88% as originally stated,
and to reflect that its MER, including expenses absorbed by the
Manager, was 1.13%, not 0.98% as originally stated. In addition, the
annualized fees for the Interim Period described under "Results of
Operations" were 1.13%, not 1.15% as originally stated. The MRFP of
Ridgewood Tactical Yield Fund has been revised to reflect that its MER
during the Interim Period was 1.44%, not 1.26% as originally stated and
to reflect that its MER, including expenses absorbed by the Manager,
was 1.44%, not 1.39% as originally stated. In addition, the annualized
fees for the Interim Period described under "Results of Operations"
were 1.44%, not 1.38% as originally stated.
Copies of the re-filed MRFPs are available through SEDAR at www.sedar.com and through the Manager's website at www.ridgewoodcapital.ca.
Certain statements in this press release may be viewed as
forward-looking statements. Any statements that express or involve
discussions with respect to expectations, beliefs, plans, intentions,
projections, objectives, assumptions or future events are not
statements of historical fact and may be forward-looking statements.
Forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from
those reflected in the forward-looking statements including as a result
of changes in the general economic and political environment, changes
in applicable legislation, and the performance of the Funds. Such
forward-looking statements are only predictions; actual events or
results may differ materially and the Funds do not undertake any
obligation to update such statements.
SOURCE: Ridgewood Capital Asset Management Inc.
For further information:
For further information regarding the Funds, please visit the Ridgewood Capital Asset Management website at www.ridgewoodcapital.ca or contact John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at 416 479 2751.