TSX Symbol: RIB.UN
TORONTO, Dec. 15, 2021 /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 January 14,
2022 to Unitholders of record at the close of business on
December 31, 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 $1.25
billion is invested in fixed income assets.
SOURCE Ridgewood Canadian Investment Grade Bond Fund