TORONTO, Nov. 26, 2013 /CNW/ - Ridgewood Capital Asset Management Inc.
(the "Manager"), the manager of Ridgewood Canadian Investment Grade Bond Fund (TSX:
RIB.UN) (the "Fund"), announces that a special meeting (the "Meeting") of holders (the "Unitholders") of the Fund's units (the "Units") will be held on January 10, 2014, commencing at 10:00 a.m. at the
offices of Fasken Martineau DuMoulin LLP, 333 Bay Street, Suite 2400,
The purpose of the Meeting is to seek Unitholder approval of an increase
to the Fund's maximum permitted leverage from 25% to 35% of the total
assets of the Fund (the "Proposed Leverage Increase").
Details regarding the Proposed Leverage Increase will be contained in an
information circular (the "Circular") which is expected to be mailed to Unitholders in mid-December, 2013. The
record date for the special meeting is December 6, 2013. Unitholders
are encouraged to review the Circular and complete and return their
proxy forms in order that their Units can be voted at the Meeting. The
board of directors of the Manager has determined that the Proposed
Leverage Increase is in the best interest of the Fund and, accordingly,
recommends that Unitholders vote in favour of the extraordinary
resolution authorizing the Proposed Leverage Increase.
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.
Statements which may constitute forward-looking statements relate to:
the proposed timing of the Meeting, the mailing of the information
circular and the record date for the Meeting, and the nature of the
Proposed 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 such statements.
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.