TORONTO, April 30 /CNW/ - Ridgewood Capital Asset Management Inc.
("Ridgewood") announced today its intention to delay the termination of
Ridgewood Global Equity Fund (the "Fund") until June 1, 2009. The decision to
delay the termination, originally anticipated to occur on April 30, 2009, was
made in order to provide additional time to properly account for all
receivables owing to the Fund.
As announced previously, the decision to terminate was made primarily as
a result of the small number of unitholders and assets under management in the
Fund. As also announced previously, the investment activities of the Fund have
been suspended and the Fund has been closed to new purchases of units.
Unitholders will continue to be entitled to redeem their units of the Fund on
each daily valuation date until the Fund terminates.
For further information:
For further information: visit us at www.ridgewoodcapital.ca or contact
John H. Simpson, CFA at (416) 479-2751