An anonymous trustee reports

RIDGEWOOD CANADIAN INVESTMENT GRADE BOND FUND ANNOUNCES UNITHOLDER APPROVAL TO RESTRUCTURE INTO ALTERNATIVE MUTUAL FUND

Ridgewood Canadian Investment Grade Bond Fund has received the approval of its unitholders for the restructuring of the fund from a non-redeemable investment fund into an alternative mutual fund, which is expected to occur on or about March 27, 2024.

The approval was obtained a special meeting of unitholders on March 20, 2024, at which unitholders approved a resolution authorizing the (i) restructuring, (ii) the associated change in the investment objective of the fund, (iii) the delisting of the fund's trust units from trading on the Toronto Stock Exchange, and (iv) certain amendments to the declaration of trust governing the fund including as required in connection with the restructuring, the investment objective change and the delisting. The resolution was approved by 99.94 per cent of the votes cast at the meeting.

The restructuring is intended to improve liquidity for unitholders by allowing for daily redemptions for proceeds equal to the net asset value per unit of the fund. In addition, the restructuring will allow the fund to offer its units on a continuous basis pursuant to a simplified prospectus at the applicable net asset value per unit, allowing the manager to grow the net assets of the fund through new sales.

The result of the restructuring will be that unitholders will continue to be unitholders of the fund as an open-end alternative mutual fund managed by the manager, with no impact to the net asset value of the units held by any unitholder. The restructuring will not result in a deemed disposition of the units of the fund and unitholders are not expected to have any adverse tax consequences as a result of the restructuring and all expenses of the restructuring and the meeting will be borne by the manager and not the fund.

The units will be delisted from trading on the TSX as of the close of trading on Friday, March 22, 2024. Commencing on or about April 15, 2024, unitholders will be able to redeem their units on a daily basis for proceeds equal to the fund's net asset value per unit.

Completion of the restructuring is subject to the receipt of all necessary approvals, including customary closing conditions and the clearance of a simplified prospectus by applicable Canadian securities authorities.

We seek Safe Harbor.