Maximum permitted leverage rises to 35% of the assets of Ridgewood Canadian Investment Grade Bond Fund
Unitholders of Ridgewood Canadian Investment Grade Bond Fund (TSX:RIB.UN) have approved a proposal to raise the fund’s maximum permitted leverage from 25% to 35% of the total assets of the fund.
The increase was approved by 99.47% of the unitholders at a special meeting held today.
The closed-end fund is managed by Toronto-based Ridgewood Capital Asset Management Inc.
Additional information is available in the fund’s Dec. 10, 2013, management information circular.
More than 180 new ETFs have made their trading debut on Canadian exchanges so far in 2024
The products gathered $9.2B in November alone
This year, 71% of new ETF launches have been actively managed, according to Bloomberg Intelligence
Plus, T. Rowe Price launches target-date portfolio series in Canada
2025 board members named for key OSC committee, FID, while IFBC’s Susan Allemang retires after 20 years
Panel orders more than US$50M in disgorgement, plus $5M in penalties and costs
A look at the status of selected tax proposals from the Trudeau government
The Dynamic Precious Metals Fund has outperformed its category and index over one, three, five and 10-year periods