Ridgewood Canadian Investment Grade Bond Fund

The Fund will seek to achieve the following investment objectives: 1. to provide unitholders with monthly cash distributions, initially targeted to be 5.25% per annum on the original issue price of $12.00 per unit; and 2. to maximize total returns for unitholders while preserving capital in the long term The portfolio of securities of the Fund (the Portfolio) will be invested primarily in Investment Grade Bonds issued by Canadian issuers available to domiciled investors. Investment Grade Bonds means debt securities and term loans that are generally rated at or above BBB- from S&P, or Baa3 or higher from Moodys Investor Services Inc., or a similar rating from a qualified rating agency. Currently, the Fund may invest up to 35% of the Portfolio in Investment Grade Bonds issued by non-Canadian issuers. As at June 30 and December 31 of each year (each a Determination Date), at least 90% of the Portfolio will be invested in securities denominated in Canadian dollars.