Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Ridgewood Canadian Investment Grade Bond Fund (T:RIB.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEDAR
Company Contact
Address: 55 University Ave Suite 1020
TORONTO ON M5J 2H7
Tel: N/A
Website: N/A
IR: N/A
Key People
John H. Simpson
Chairman of the Board, Chief Executive Officer, Chief Compliance Officer, Managing Director, Secretary, Ultimate Designated Person
Paul W. Meyer
President, Chief Financial Officer, Chief Investment Officer, Managing Director, Director
Mark Joseph Carpani
Senior Vice President, Director
James S. McAughey
Portfolio Manager
Jennifer K. Zabanah
Portfolio Manager
 
Business Overview
Ridgewood Canadian Investment Grade Bond Fund (the Fund) is a Canada-based closed-end investment fund. The Fund invests primarily in Investment Grade bonds issued by Canadian issuers available to domiciled investors. The Fund may invest up to 10% of the portfolio in the United States Investment Grade bonds and from time to time, the Fund may hold cash and cash equivalents. The portfolio of securities of the Fund may be invested primarily in Investment Grade Bonds issued by Canadian issuers available to domiciled investors. The Fund may invest up to 25% of the Portfolio in Investment Grade Bonds issued by non-Canadian issuers. Ridgewood Capital Asset Management Inc is a manager of the Fund.
Financial Overview
For the six months ended 30 June 2021, RidgewoodCanadian Investment Grd BndFnd revenues decreased 44% toC$5.5M. Net income decreased 53% to C$3.7M. Revenuesreflect Net change in unrealized appreciation (d decreasefrom C$3.8M to -C$2.8M. Net income also reflects Audit feesincrease from C$15K to C$33K (expense), Legal fees increaseof 53% to C$24K (expense), Independent Review Committeefees increase of 3% to C$10K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $418.19M as of Jun 30, 2021
Annual revenue (TTM): $25.67M as of Jun 30, 2021
EBITDA (TTM): $23.76M as of Jun 30, 2021
Net annual income (TTM): $22.68M as of Jun 30, 2021
Free cash flow (TTM): -$87.34M as of Jun 30, 2021
Net Debt Last Fiscal Year: $162.80M as of Jun 30, 2021
Shares outstanding: 18,111,865 as of Jun 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization