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FOR IMMEDIATE RELEASE

TSX Symbol: RIB.UN

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

TORONTO (January 13, 2012) – 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 February 15, 2012 to Unitholders of record at the close of business on January 31, 2012.

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