Ridgewood Canadian Investment Grade Bond Fund announces approval of maximum permitted leverage increase

TORONTO, Jan. 10, 2014 /CNW/ - Ridgewood Capital Asset Management Inc., the manager of Ridgewood Canadian Investment Grade Bond Fund (TSX: RIB.UN) (the "Fund"), is pleased to announce that holders of the Fund's units ("Unitholders") have approved, at a special meeting held today (the "Meeting"), a proposal to amend the Fund's declaration of trust to increase the Fund's maximum permitted leverage from 25% to 35% of the total assets of the Fund (the "Leverage Increase"). The Leverage Increase was approved by 99.47% of the Unitholders represented in person or by proxy at the Meeting. 

Additional information concerning the Leverage Increase is available in the Fund's management information circular dated December 10, 2013.

Certain statements in this press release may be viewed as forward-looking statements. Any statements that express or involve discussions with respect to expectations, plans, intentions, or future events are not statements of historical fact and may be forward-looking statements. Statements which may constitute forward-looking statements relate to implementation of the Leverage Increase. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements including as a result of changes in the general economic and political environment, changes in applicable legislation, and the performance of the Fund. Such forward-looking statements are only predictions; actual events or results may differ materially and the Fund does not undertake any obligation to update such statements.

SOURCE: Ridgewood Canadian Investment Grade Bond Fund

For further information regarding the Fund, please visit the Ridgewood Capital Asset Management website at www.ridgewoodcapital.ca or contact John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at 416 479 2751.