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Ridgewood Canadian Investment Grade Bond Fund Announces Filing of Final Prospectus

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Toronto, Ontario – December 9, 2011 – Ridgewood Capital Asset Management Inc. is pleased to announce that it has filed a final short form prospectus (the “Prospectus”) in each of the provinces of Canada with respect to its previously announced additional offering of units of Ridgewood Canadian Investment Grade Bond Fund (the “Fund”) (RIB.UN:TSX). The Offering is scheduled to close on December 15, 2011.

The Fund seeks to achieve the following investment objectives: (i) to provide unitholders with monthly cash distributions, initially targeted to be 5.25% 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.

The syndicate of agents for the offering is being co-led by TD Securities Inc., CIBC and RBC Capital Markets and includes BMO Capital Markets, GMP Securities L.P., National Bank Financial Inc., Scotia Capital Inc., Raymond James Ltd., Canaccord Genuity Corp., Macquarie Group and Manulife Securities Incorporated.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Fund offered have not been registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

This offering is only made by way of the Prospectus. The Prospectus contains important information relating to the units. Copies of the Prospectus may be obtained from your registered financial advisor or any of the syndicate members listed above. Investors should read the Prospectus before making an investment decision.

About Ridgewood Capital Asset Management Inc.:

Ridgewood is an independent investment manager that manages approximately $1 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $500 million is invested in fixed income assets.

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