/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES OF
AMERICA/
TORONTO, Sept. 29,
2023 /CNW/ - This press release is being disseminated
as required by National Instrument 62–103 - The Early Warning
System and Related Take Over Bids and Insider Reporting Issuers
in connection with the filing of an early warning report (the
"Early Warning Report") regarding the acquisition of units
of Ravensource Fund (TSX: RAV.UN), a closed-end fund (the
"Issuer"), with its head office located at 30 St. Clair
Avenue West, Suite 901 Toronto,
Ontario M4V 3A1, by Theodore Walker
Cheng-De King, an individual resident at Unit 1502,
15th Floor, 99 Hennessy Road, Wanchai, Hong Kong.
On September 29, 2023, Mr. King
acquired 87,366 units of the Issuer ("Units") through market
purchases over the facilities of the Toronto Stock Exchange for
$15.76 per Unit for an aggregate
purchase price of $1,376,888.16 (the
"Market Purchases").
Prior to the Market Purchases, Mr. King owned, directly and
indirectly, 108,200 Units, representing 9.24% of the issued and
outstanding Units on a non-diluted basis. 1000607082 Ontario
Limited, a company owned and controlled by Mr. King, should be
considered a joint actor, and holds 95,000 of these
Units.
Following the Market Purchases, Mr. King and his joint
actors owns, directly and indirectly, an aggregate of 195,566
Units, representing 16.70% of the outstanding Units, on both a
diluted and non-diluted basis.
Mr. King acquired the Units for investment purposes and may in
the future participate in financings and/or acquire or dispose of
securities of the Issuer in the market, privately or otherwise, as
circumstances or market conditions warrant.
A copy of the Early Warning Report with additional information
in respect of the foregoing matters may be found on SEDAR at
www.SEDAR.com.
SOURCE Theodore King