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FOR IMMEDIATE RELEASE

TSX Symbol: RIB.UN

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

TORONTO (March 15, 2010) - Ridgewood Canadian Investment Grade Bond Fund (the "Fund") is pleased to announce a distribution of $0.0525 per unit. 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 no later than April 15, 2010 to Unitholders of record on March 31, 2010.

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