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