TSX Symbol: RIB.UN
TORONTO, May 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 June 15, 2023 to
Unitholders of record at the close of business on May 31, 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