TSX Symbol: RIB.UN
TORONTO, Nov. 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 December 15,
2022 to Unitholders of record at the close of business on
November 30, 2022.
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 $1.2 billion in assets
for a diversified client base of high net worth individuals,
foundations/endowments, First Nation mandates and institutional
accounts, of which approximately $950
million is invested in fixed income assets.
SOURCE Ridgewood Canadian Investment Grade Bond Fund