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FOR IMMEDIATE RELEASE

TSX Symbol: RIB.UN

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

TORONTO (September 15, 2010) – 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 October 15, 2010 to Unitholders of record at the
close of business on September 30, 2010.

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