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FOR IMMEDIATE RELEASE

TSX Symbol: RIB.UN

Ridgewood Canadian Investment Grade Bond Fund Declares Special Distribution of $0.05 per Unit

TORONTO (January 31, 2013) –Ridgewood Canadian Investment Grade Bond Fund is pleased to announce that a special cash distribution of $0.05 per Unit has been declared. The distribution is payable on February 19, 2013 to Unitholders of record at the close of business on February 12, 2013.

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