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.
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