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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
Tel: N/A
Website: 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