Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for December of $0.0530 per Unit

TSX Symbol: RIB.UN

TORONTO, Dec. 13, 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 January 15, 2014 to Unitholders of record at the close of business on December 31, 2013.

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

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 $1.1 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $700 million is invested in fixed income assets.

SOURCE Ridgewood Canadian Investment Grade Bond Fund




Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.