Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for July of $0.0530 per Unit

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Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for July of $0.0530 per Unit

Canada NewsWire

              TSX Symbol: RIB.UN

TORONTO, July 15, 2022 /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 August 15, 2022 to Unitholders of record at the close of business on July 29, 2022.

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 $1.4 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $1.05 billion is invested in fixed income assets.

SOURCE Ridgewood Canadian Investment Grade Bond Fund

Cision View original content: http://www.newswire.ca/en/releases/archive/July2022/15/c4491.html

Copyright CNW Group 2022

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