U.S. Markets closed

Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for January of $0.0530 per Unit

TSX Symbol: RIB.UN

TORONTO , Jan. 15, 2020 /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 February 14, 2020 to Unitholders of record at the close of business on January 31, 2020 .

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 $1.25 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $965 million is invested in fixed income assets.

SOURCE Ridgewood Canadian Investment Grade Bond Fund

View original content: http://www.newswire.ca/en/releases/archive/January2020/15/c5046.html