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

TSX Symbol: RIB.UN

TORONTO, May 14 /CNW/ - Ridgewood Canadian Investment Grade Bond Fund is pleased to announce that a cash distribution of $0.0525 per unit has been declared in accordance with our quarterly announcement on March 31, 2010. 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 June 15, 2010 to Unitholders of record at the close of business on May 31, 2010.

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