Canada NewsWire
TSX Symbol: RIB.UN
TORONTO , Feb. 15, 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 March 15, 2023 to Unitholders of record at the close of business on February 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
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