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FOR IMMEDIATE RELEASE

TSX Symbol: RIB.UN

Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for July of $0.0530 per Unit

TORONTO (July 15, 2013) –Ridgewood Canadian Investment Grade Bond Fund is pleased to
announce that a cash distribution of $0.0530 per unit has been declared. The monthly distribution equates to an annualized distribution rate of 5.30% on an initial subscription price of $12.00 per unit. The distribution is payable on August 15, 2013 to Unitholders of record at the close of business on July 31, 2013.

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

About Ridgewood Canadian Investment Grade Bond Fund:

The Fund will seek to achieve the following investment objectives: (i) to provide unitholders
with monthly cash distributions targeted to be 5.3% 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.

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 $600 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.