TORONTO, Feb. 3 /CNW/ - Ridgewood Capital Asset Management Inc. ("Ridgewood") announced today that it is seeking approval from unitholders of the Ridgewood Canadian Bond Fund (the "Fund") to approve a change in the Fund's investment objective.
Provided all approvals are obtained, the investment objective of the Fund will be changed to permit investment by the Fund in corporate bonds with a minimum rating of "BBB" (or its equivalent), rather than "A".
Unitholders of the Fund will be asked to approve the proposed change at a special meeting to be held on March 24, 2010 in Toronto. If approved, the change in investment objective is expected to become effective on or about March 25, 2010.
Ridgewood provides investment counselling and portfolio management services to private clients, foundations, endowments, First Nations, and open and closed-end investment funds.
SOURCE Ridgewood Capital Asset Management Inc.
For further information: For further information: please visit us at www.ridgewoodcapital.ca or contact John H. Simpson, CFA at (416) 479-2751