TSX Symbol: RIB.UN
TORONTO, April 15, 2013 /CNW/ - Ridgewood Canadian Investment Grade Bond Fund is pleased to announce that a cash distribution of $0.0530 per unit has been declared. The monthly distribution equates to an annualized distribution rate of 5.30% on an initial subscription price of $12.00 per unit. The distribution is payable on May 15, 2013 to Unitholders of record at the close of business on April 30, 2013.
About Ridgewood Canadian Investment Grade Bond Fund:
The Fund will seek to achieve the following investment objectives: (i) to provide unitholders with monthly cash distributions targeted to be 5.3% per annum on the original issue price of $12.00 per unit; and (ii) to maximize total returns for unitholders while preserving capital in the long term.
About Ridgewood Capital Asset Management Inc.:
Ridgewood is an independent investment manager that manages approximately $1 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $600 million is invested in fixed income assets.
SOURCE: Ridgewood Canadian Investment Grade Bond Fund
For further information:
please call John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at (416) 479-2751.