Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution
for November of $0.0525 per Unit and Special Distribution of $0.15 per Unit

TSX Symbol: RIB.UN

TORONTO, Nov. 15 /CNW/ - Ridgewood Canadian Investment Grade Bond Fund is pleased to announce that the monthly cash distribution of $0.0525 per unit (the "Monthly Distribution") and a special cash distribution of $0.15 per unit (the "Special Distribution") have 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 Monthly Distribution is payable on December 15, 2010 to Unitholders of record at the close of business on November 30, 2010.  The Special Distribution is payable on November 30, 2010 to Unitholders of record at the close of business on November 25, 2010. 

For further information:

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