TORONTO, Sept. 26,
2024 /CNW/ - Stornoway Portfolio Management Inc.
("Stornoway"), the Investment Manager of the Ravensource Fund (the
"Fund" or "Ravensource") (TSX: RAV.UN), is pleased to announce all
39,116 units of the Fund previously tendered for redemption under
the annual redemption right have been successfully recirculated.
Accordingly, no units of the Fund were redeemed, and the number of
outstanding units will remain at 1,296,075.
"We greatly appreciate the enthusiastic support we received from
investors who participated in the recirculation," said Scott Reid, President of Stornoway. "We are proud to have earned the
trust and partnership of our fellow Ravensource investors and are
dedicated to protecting and growing their capital for years to
come."
"I would also like to acknowledge the hard work of our partners
at BMO Nesbitt Burns, Canadian Depository for Securities Limited,
TMX Group Inc., and Computershare Trust Company of Canada in completing the recirculation
successfully."
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 is available on its website at
www.ravensource.ca.
For more information, please contact:
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
SOURCE Ravensource Fund
