Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution
for May of $0.0525 per Unit

TSX Symbol: RIB.UN

TORONTO, May 14 /CNW/ - Ridgewood Canadian Investment Grade Bond Fund is pleased to announce that a cash distribution of $0.0525 per unit has been declared in accordance with our quarterly announcement on March 31, 2010. The monthly distribution equates to an annualized distribution rate of 5.25% on an initial subscription price of $12.00 per unit. The distribution is payable on June 15, 2010 to Unitholders of record at the close of business on May 31, 2010.

SOURCE Ridgewood Canadian Investment Grade Bond Fund

For further information: For further information: please call John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at (416) 479-2751

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