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

TSX Symbol: RIB.UN

TORONTO, Aug. 16 /CNW/ - 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 September 15, 2010 to Unitholders of record at the close of business on August 31, 2010.

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