TORONTO, Jan. 10, 2014 /CNW/ - Ridgewood Capital Asset Management Inc.,
the manager of Ridgewood Canadian Investment Grade Bond Fund (TSX:
RIB.UN) (the "Fund"), is pleased to announce that holders of the Fund's units ("Unitholders") have approved, at a special meeting held today (the "Meeting"), a proposal to amend the Fund's declaration of trust to increase the
Fund's maximum permitted leverage from 25% to 35% of the total assets
of the Fund (the "Leverage Increase"). The Leverage Increase was approved by 99.47% of the Unitholders
represented in person or by proxy at the Meeting.
Additional information concerning the Leverage Increase is available in
the Fund's management information circular dated December 10, 2013.
Certain statements in this press release may be viewed as
forward-looking statements. Any statements that express or involve
discussions with respect to expectations, plans, intentions, or future
events are not statements of historical fact and may be forward-looking
statements. Statements which may constitute forward-looking statements
relate to implementation of the Leverage Increase. 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 Fund. Such forward-looking
statements are only predictions; actual events or results may differ
materially and the Fund does not undertake any obligation to update
SOURCE: Ridgewood Canadian Investment Grade Bond Fund
For further information:
For further information regarding the Fund, 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.