Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for February of $0.0530 per Unit
TSX Symbol: RIB.UN
TORONTO, Feb. 14, 2014 /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 March 14, 2014 to Unitholders of record at the close of business on February 28, 2014.
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