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FOR IMMEDIATE RELEASE

TSX Symbol: RIB.UN

Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for February of $0.0525 per Unit.

TORONTO (February 15, 2011) - Ridgewood Canadian Investment Grade Bond Fund is pleased to announce that a cash distribution of $0.0525 per unit has been declared. The monthly distribution equates to an annualized distribution rate of 5.25% on an initial subscription price of $12.00 per unit. The distribution is payable on March 15, 2011 to Unitholders of record at the close of business on February 28, 2011.

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