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Ridgewood Canadian Investment Grade Bond Fund raises US$10.5 million through private placement

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Ridgewood Capital Asset Management

On June 5, 2014, Ridgewood Capital Asset Management (“Ridgewood”) announced the closing of a private placement which raised aggregate gross proceeds of $10.5 million for the Ridgewood Canadian Investment Grade Bond Fund (the “Fund”) in exchange for the issuance of 759,400 Units of the Fund. Ridgewood Capital Asset Management Inc. is an independent investment manager that manages approximately $1.1 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $650 million is invested in fixed income assets. Ridgewood was advised on this matter by Fasken Martineau with a team comprised of Tracey Hooey, Daniel Fuke, and Jack Yu (Corporate/Securities).

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