Ridgewood Canadian Investment Grade Bond Fund
RIB-UN.TO
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ROIC.AI
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- Ridgewood Canadian Investment Grade Bond Fund (TSX: RIB-UN) is a no-load, open-ended alternative mutual fund that invests primarily in liquid Canadian federal and provincial government securities, as well as those of Canadian corporations rated investment grade or better; it seeks to maximize total returns for unitholders while preserving capital in the long term and providing monthly cash distributions. The fund targets income-oriented investors seeking exposure to the Canadian investment-grade fixed income market. It operates within the Canadian bond sector, with a focus on high-quality debt instruments to generate stable income and moderate growth. Managed by Ridgewood Capital Asset Management Inc., the fund was founded in 2008 and is headquartered in Toronto, Ontario; Ridgewood Capital, established around the same period, oversees approximately $1.9 billion in assets across its investment vehicles. Prior to its restructuring, the fund functioned as a closed-end investment fund listed on the Toronto Stock Exchange. In a major strategic shift, unitholders approved a proposal in March 2024 to restructure the fund from a closed-end format into its current open-ended alternative mutual fund structure, effective March 27, 2024; this change enhances liquidity and accessibility for investors while maintaining its core investment mandate. The fund continues to declare consistent monthly distributions, such as $0.0530 per unit in recent periods through 2025. No significant acquisitions, partnerships, or new product launches have been reported in the past 1-2 years beyond this reorganization.