Ridgewood Canadian Investment Grade Bond Fund Announces End of 2021 Distribution

0

TSX symbol: RIB.UN

TORONTO, January 4, 2022 / CNW / – Ridgewood Canadian Investment Grade Bond Fund (the “Fund”) is pleased to announce a special year-end distribution of the Fund in the amount of $ 0.294450 (the “Special Distribution”) per Unit.

The special cast will consist of $ 0.103884 per unit due to the net realized capital gains of the Fund for 2021 and $ 0.190566 per unit in respect of the net income of the Fund for 2021, which in each case has not previously been distributed.

The capital gains portion of the special distribution will be paid in units of the Fund and immediately thereafter the issued and outstanding capital of the Fund will be consolidated so that the number of issued and outstanding units of the Fund does not change. The income portion of the special distribution will be paid in cash.

The special distribution will be paid 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 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 regarding the income generated by the Fund 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 could influence actual results are described under “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

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

Share.

Comments are closed.