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FOR IMMEDIATE RELEASE

TSX Symbol: RIB.UN

Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for April of $0.0525 per Unit.
 
TORONTO (April 15, 2010) ­ Ridgewood Canadian Investment Grade Bond Fund (the "Fund") is pleased to announce that a cash distribution of $0.0525 per unit has been declared in accordance with our quarterly announcement on March 31, 2010.  The monthly distribution equates to an annualized distribution rate of 5.25% on an initial subscription price of $12.00 per unit.  The payment date of May 15, 2010 (as indicated in our quarterly
announcement) has been changed to May 14, 2010. As such, the distribution is payable on May 14, 2010 to Unitholders of record at the close of business on April 30, 2010.

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