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Ridgewood Canadian Investment Grade Bond Fund Announces Estimated Distribution Rate for Third Quarter

by ahnationtalk on June 28, 201942 Views

TORONTO, June 28, 2019  – Ridgewood Canadian Investment Grade Bond Fund (the “Fund”) is pleased to announce the estimated distributions of the Fund for the third quarter of 2019 as follows:

Estimated Payable Date

Estimated Distribution Amount per Unit

August 15, 2019

$0.0530

September 13, 2019

$0.0530

October 15, 2019

$0.0530

This distribution rate equates to an annualized distribution rate of 5.30% on an initial subscription price of $12.00 per unit.  Details of each distribution, including the record and payment date, will be confirmed at the time of the 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 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 $1.2 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $925 million is invested in fixed income assets.

For further information: please call John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at (416) 479-2751.

NT4

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