Ridgewood Canadian Investment Grade Bond Fund Announces Estimated First Quarter Payout Rate

TSX symbol: RIB.UN

TORONTO, December 31, 2021 / CNW / – Ridgewood Canadian Investment Grade Bond Fund (the “Funds“) is pleased to announce the Fund’s estimated distributions for the first quarter of 2022 as follows:

Estimated payment date

Estimated distribution amount per unit

February 15, 2022

$ 0.0530

March 15, 2022

$ 0.0530

April 14, 2022

$ 0.0530

This distribution rate is equivalent to an annualized distribution rate of 5.30% on an initial subscription price of $ 12.00 per unit. The details of each distribution, including the date of registration and payment, will be confirmed at the time of declaration of the distribution.

About Ridgewood Canadian Investment Grade Bond Fund:

The Fund will seek to achieve the following investment objectives: (i) to provide Unitholders with targeted monthly cash distributions at 5.3% per annum of the initial issue price of $ 12.00 per unit; and (ii) maximize total returns to unitholders while preserving capital over the long term.

About Ridgewood Capital Asset Management Inc .:

Ridgewood is an independent investment manager who manages approximately $ 1.6 billion in assets for a diversified clientele of high net worth individuals, foundations / foundations, First Nations mandates and institutional accounts, of which approximately $ 1.25 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 Fund’s portfolio. Actual future results, including the amount of distributions paid by the Fund, may differ from the amount of estimated monthly distributions. More specifically, the income from which distributions are paid can vary significantly due to: changes in the composition of the portfolio; 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 of the Fund. The risks, uncertainties and other factors that may influence actual results are described under the heading “Risk Factors” in the Fund’s prospectus dated December 8, 2011 and other documents filed by the Fund with Canadian securities regulatory authorities. Foresight the 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 herein. Investors and others should not assume that any forward-looking statements contained in this press release represent the Fund’s estimate as of any date other than the date of this press release.

SOURCE Ridgewood Canadian Investment Grade Bond Fund


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