TSX Symbol: RIB.UN
The Special Distribution will be comprised of
The capital gains portion of the Special Distribution will be paid in units of the Fund and immediately thereafter the issued and outstanding capital of the Fund will be consolidated such that the number of issued and outstanding units of the Fund does not change. The income portion of the Special Distribution will be paid in cash.
The Special Distribution will be paid to unitholders of record at the close of business on
About
The Fund will seek to achieve the following investment objectives: (i) to provide unitholders with monthly cash distributions targeted to be 5.3% per annum on the original issue price of
About
Ridgewood is an independent investment manager that manages approximately
This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning the income generated by the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the estimated monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in income received from securities included in the Fund's portfolio from time to time; general economic and stock market conditions including changes in interest rates; and the level of borrowing by the Fund. The risks, uncertainties and other factors that could influence actual results are described under "Risk Factors" in the Fund's prospectus dated
SOURCE
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