Ridgewood Capital Asset Management Inc. has filed a short form prospectus for an additional offering of units of Ridgewood Canadian Investment Grade Bond Fund (TSX:RIB.UN).

The fund seeks to provide unitholders with monthly cash distributions, initially targeted to be 5.25% per year on the original issue price of $12 per unit, and to maximize total returns for unitholders while preserving capital in the long term.

The syndicate of agents for the offering is being led by TD Securities Inc. and RBC Capital Markets and includes CIBC World Markets Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Canaccord Financial Ltd., Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd., Manulife Securities Incorporated and Wellington West Capital Markets Inc.

Toronto-based Ridgewood is an independent investment manager that manages or subadvises approximately $1 billion in assets for a diversified client base of high net worth individuals, institutions and wrap programs, of which $500 million is invested in fixed income assets.