Ridgewood Tactical Yield Fund

The Ridgewood Tactical Yield Fund is a no-load, open-ended mutual fund. It offers investors the opportunity to achieve a high level of income and capital gains from an actively managed portfolio comprised mainly of securities of Canadian issuers. This fund is only available to clients of Ridgewood Capital.

Investment Objectives

• The fund will invest primarily in liquid Canadian issuers including preferred shares, investment grade bonds, convertible bonds, real estate investment trusts ("REITs") and high yield bonds.
• The fund may also invest in comparable securities of foreign issuers.
• The fund will be actively managed to take advantage of changing levels of interest rates and to capitalize on yield disparities between different issuers or sectors.

While the Fund's objective is to achieve these goals there can be no assurance they will be met at any particular time.