TORONTO, Sept. 6,
2024 /CNW/ - Stornoway Portfolio Management Inc.
("Stornoway"), the Investment Manager of Ravensource Fund (TSX:
RAV.UN), is pleased to announce that Computershare Trust Company of
Canada, as trustee of Ravensource,
has entered into an agreement with BMO Nesbitt Burns Inc. to
recirculate the 39,116 units tendered for redemption (the
"Recirculation") to interested investors at a price of $17.4621 per unit, representing $683,047.50 in total.
Investors interested in purchasing Ravensource units under the
Recirculation must place their orders by 2pm
Eastern Time on September 24,
2024. The settlement date for units purchased as part of the
Recirculation will be September 26,
2024. Ravensource units are eligible for registered accounts
including RRSPs, RESPs, TFSAs and RRIFs.
Ravensource seeks to achieve superior absolute, long-term
returns by investing in distressed and deep-value North American
securities. The Fund implements this philosophy across three
investment strategies: distressed opportunities, alternative
credit, and special situations equities. For more information or to
participate in the Recirculation please contact Stornoway Portfolio
Management:
Stornoway Portfolio Management Inc.
30 St. Clair Avenue West, Suite 901
Toronto, Ontario M4V 3A1
Attention: Scott Reid
Telephone: (416) 250-2845
Email: sreid@stornowayportfolio.com
Please note that this release has been prepared by Stornoway
Portfolio Management for information purposes only and is not, and
under no circumstances should be construed as, an advertisement for
a public offering for the securities referred to herein. Please
consult your broker or investment advisor when determining the
suitability of an investment for you.
SOURCE Ravensource Fund
