TORONTO, Sept. 8,
2023 /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 87,366 units tendered for redemption (the
"Recirculation") to interested investors at a price of $15.7567 per unit, representing $1,376,599.85 in total.
Investors interested in purchasing Ravensource units under the
Recirculation must place their orders by 2pm
Eastern Time on September 26,
2023. The settlement date for units purchased as part of the
Recirculation will be September 28,
2023. 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. Additional information
relating to Ravensource and the Recirculation is available on the
"Recirculation Opportunity" link at www.ravensource.ca.
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