TSX Symbol: RIB.UN
TORONTO,
April 14,
2023 /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,
2023 to Unitholders of record at the close of business on
April 28, 2023.
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 $1.3
billion in assets for a diversified client base of high net
worth individuals, foundations/endowments, First Nation mandates
and institutional accounts, of which approximately $1.0 billion is invested in fixed income
assets.
SOURCE Ridgewood Canadian Investment Grade Bond Fund