TORONTO, Nov. 15, 2021 /CNW/ - Ridgewood Canadian
Investment Grade Bond Fund (TSX: RIB.UN) 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 December 15, 2021 to Unitholders
of record at the close of business on November 30, 2021.
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 $1.6 billion in assets
for a diversified client base of high net worth individuals,
foundations/endowments, First Nation mandates and institutional
accounts, of which approximately $1.3
billion is invested in fixed income assets.
SOURCE Ridgewood Canadian Investment Grade Bond Fund