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FOR IMMEDIATE RELEASE

TSX Symbol: RIB.UN

Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for November of $0.0525 per Unit and Special Distribution of $0.15 per Unit

TORONTO (November 15, 2010) – Ridgewood Canadian Investment Grade Bond Fund is pleased to announce that the monthly cash distribution of $0.0525 per unit (the “Monthly
Distribution
”) and a special cash distribution of $0.15 per unit (the “Special Distribution”) have 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 Monthly Distribution is payable on December 15, 2010 to Unitholders of record at the close of business on November 30, 2010. The Special Distribution is payable on November 30, 2010 to Unitholders of record at the close of business on November 25, 2010.

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