Ridgewood Canadian Investment Grade Bond Fund Announces Filing of Final
Prospectus

TORONTO, June 10 /CNW/ - Ridgewood Capital Asset Management Inc. is pleased to announce that it has filed a final short form prospectus in each of the provinces of Canada with respect to an additional offering of units of Ridgewood Canadian Investment Grade Bond Fund (RIB.UN:TSX). The closing is scheduled for June 17, 2010.

The Fund seeks to achieve the following investment objectives: (i) to provide unitholders with monthly cash distributions, initially targeted to be 5.25% per annum on the original issue price of $12.00 per unit; and (ii) to maximize total returns for unitholders while preserving capital in the long term.

The syndicate of agents for the offering is being led by TD Securities Inc. and RBC Dominion Securities Inc. and includes CIBC World Markets Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Canaccord Genuity Corp., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd., Manulife Securities Incorporated and Wellington West Capital Markets Inc.

This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from your registered financial advisor. Investors should read the prospectus before making an investment decision.

About Ridgewood Capital Asset Management Inc.:

Ridgewood is an independent investment manager that manages or subadvises approximately $1 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates, institutional accounts and wrap programs, of which $500 million is invested in fixed income assets.

For further information: John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at [phone]