TSX Symbol: RIB.UN
TORONTO, July 15,
2022 /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
August 15, 2022 to Unitholders of
record at the close of business on July 29,
2022.
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 $1.4 billion in assets
for a diversified client base of high net worth individuals,
foundations/endowments, First Nation mandates and institutional
accounts, of which approximately $1.05
billion is invested in fixed income assets.
SOURCE Ridgewood Canadian Investment Grade Bond Fund