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Ridgewood Canadian Bond Fund and Ridgewood Tactical Yield Fund re-file management reports of Fund performance

TORONTO, March 25, 2014 /CNW/ - Ridgewood Capital Asset Management Inc. (the "Manager"), the manager of Ridgewood Canadian Bond Fund and Ridgewood Tactical Yield Fund (together, the "Funds"), today announced that it has refiled the Funds' respective interim management reports of fund performance (together, the "MRFPs") for the six months ended June 30, 2013 (the "Interim Period"). The MRFP of Ridgewood Canadian Bond Fund has been revised to reflect that its management expense ratio (the "MER") during the Interim Period was 1.13%, not 0.88% as originally stated, and to reflect that its MER, including expenses absorbed by the Manager, was 1.13%, not 0.98% as originally stated. In addition, the annualized fees for the Interim Period described under "Results of Operations" were 1.13%, not 1.15% as originally stated. The MRFP of Ridgewood Tactical Yield Fund has been revised to reflect that its MER during the Interim Period was 1.44%, not 1.26% as originally stated and to reflect that its MER, including expenses absorbed by the Manager, was 1.44%, not 1.39% as originally stated. In addition, the annualized fees for the Interim Period described under "Results of Operations" were 1.44%, not 1.38% as originally stated.

Copies of the re-filed MRFPs are available through SEDAR at www.sedar.com and through the Manager's website at www.ridgewoodcapital.ca.

Certain statements in this press release may be viewed as forward-looking statements. Any statements that express or involve discussions with respect to expectations, beliefs, plans, intentions, projections, objectives, assumptions or future events are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements including as a result of changes in the general economic and political environment, changes in applicable legislation, and the performance of the Funds. Such forward-looking statements are only predictions; actual events or results may differ materially and the Funds do not undertake any obligation to update such statements.


SOURCE Ridgewood Capital Asset Management Inc.

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