TSX Symbol: RIB.UN
TORONTO, Jan. 3, 2023
/CNW/ - Ridgewood Canadian Investment Grade Bond Fund (the "Fund")
is pleased to announce a special year-end distribution of the Fund,
in the amount of $0.086818 (the
"Special Distribution") per unit. The Special Distribution will be
paid in cash.
The Special Distribution will be paid in cash to unitholders of
record at the close of business on December
30, 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 $1.3 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.
This press release contains forward-looking information. The
forward-looking information contained in this press release is
based on historical information concerning the income generated by
the portfolio of the Fund. Actual future results, including the
amount of distributions paid by the Fund, may differ from the
estimated monthly distribution amount. Specifically, the income
from which distributions are paid may vary significantly due to:
changes in portfolio composition; changes in income received from
securities included in the Fund's portfolio from time to time;
general economic and stock market conditions including changes in
interest rates; and the level of borrowing by the Fund. The risks,
uncertainties and other factors that could influence actual results
are described under "Risk Factors" in the Fund's prospectus dated
December 8, 2011 and other documents
filed by the Fund with the Canadian securities regulatory
authorities. The forward-looking information contained in
this press release constitutes the Fund's current estimate, as of
the date of this press release, with respect to the matters covered
hereby. Investors and others should not assume that any
forward-looking statement contained in this press release
represents the Fund's estimate as of any date other than the date
of this press release.
SOURCE Ridgewood Canadian Investment Grade Bond Fund